Paragraph 4

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 2 para. 3A omitted by Pension Schemes Act (Northern Ireland) 2016 Sch. 1 para. 9
Sch. 2 para. 4 omitted by Pension Schemes Act (Northern Ireland) 2016 Sch. 1 para. 9
Sch. 2 para. 5(1) words substituted by Pension Schemes Act (Northern Ireland) 2016 Sch. 1 para. 10
Sch. 2 para. A1 inserted by Pension Schemes Act (Northern Ireland) 2016 Sch. 1 para. 8

The flat rate method is to revalue the benefits which have accrued to the member as respects the pre-pension period in any way in which they would have been revalued during that period if he had remained in the same pensionable service.