Regulation 26 Reduction of pension in case of defaultI1

In regulation 105 (Reduction of pension in case of default); for paragraph (5) substitute—

“(5)

When the member reaches the member’s state pension age, if the reduced pension is less than the amount of full retirement pension that would have been payable to the member under regulation 89(2) had the member reached the member’s state pension age when the member left eligible service, the scheme manager must increase the pension to that amount.”