# The Parliamentary Pensions (Consolidation and Amendment) Regulations 1993, Paragraph 1


(1) In this Schedule, unless the context otherwise requires—
“Class A participant”, “Class B participant” and “Class C participant” have the meanings assigned to them in Schedule 2;
“N” means in respect of the pension of a person, the period in years and any fraction of a year of his actual reckonable service before the relevant date or (if earlier) his sixty-fifth birthday;
“NS” means in respect of the pension of a person, the lesser of 40 years and the period in years and any fraction of a year of his prospective actual reckonable service at the relevant date;
“pension” means a pension, expressed as an annual amount, under Part F (pension entitlement), Part H (early retirement) or Part J (ill-health pensions) as the case may be; and “maximum pension” shall be construed accordingly;
“prospective actual reckonable service” means in respect of a person—
(a) at a date falling before his sixty-fifth birthday, his actual reckonable service before and after that date, assuming continuous actual reckonable service by him from that date until his sixty-fifth birthday;
(b) at a date falling on or after his sixty-fifth birthday, his actual reckonable service at his sixty-fifth birthday;
“retained benefits” has the meaning assigned to it in Schedule 2;
“retained lump sum benefits” means retained benefits which are payable as single payments whether by way of commutation of accrued pension rights, refund of contributions or otherwise;
(2) Any reference in this Schedule to the beginning of a period of actual reckonable service of a person means any such beginning on his becoming a participant other than after an interval in his actual reckonable service occurring on a dissolution of Parliament.
(3) Any reference in this Schedule to a person being or no longer being a participant shall be construed as a reference to whichever of those circumstances is applicable to the calculation of his pension.

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Source: https://www.legislation.gov.uk/uksi/1993/3253/schedule/3/part/I/paragraph/1n1 (the official version)
Page: https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993/schedule-3/part-I/paragraph-1n1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.