# The Parliamentary Pensions (Consolidation and Amendment) Regulations 1993, Paragraph 7: Class B and Class C Participants


Paragraphs 2, 3, 4 and 5 of this Schedule shall apply to Class B and Class C participants save that—
(1) in the case of a Class B or Class C participant who satisfies the conditions set out in paragraph 2 above there may be added to the maximum commutable sum calculated by virtue of that paragraph the amount of the product of three-eightieths of the multiple and the period, expressed in years and any fraction of a year and subject to a maximum of five years, being his actual reckonable service in excess of forty years and occurring after his sixty-fifth birthday, and
(2) in the case of a Class B or Class C participant who satisfies the conditions set out in paragraph 4 above there may be added to the permitted maximum sum calculated by virtue of that paragraph the amount of the product of—
(a) subject to a maximum of five, the number of years, each beginning on 1st April, during which he had any actual reckonable service, being years in excess of the first 40 such years and beginning after his sixty-fifth birthday; and
(b) three-eightieths of the relevant terminal salary under regulation F4(4); and
(c) the average of all the contribution factors under regulation F4(2) in relation to him for the years under (a) above or (where the maximum under (a) applies) the first five of those years.

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Source: https://www.legislation.gov.uk/uksi/1993/3253/schedule/3/paragraph/7 (the official version)
Page: https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993/schedule-3/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.