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Part II reckoning of additional benefits

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

In regulation 8—

(a)

the formula mentioned in paragraph (1) is—

A×BC

where—

  1. A

    is the policeman’s number of additional sixtieths;

  2. B

    is the length of the period or, as the case may be, the aggregate lengths of the periods during which payment was made;

  3. C

    is the period for which, if payment had been continuous to the date of death or retirement, payment would have been made;

(b)

the formula mentioned in paragraph (2) is as set out in sub-paragraph (a) save that C is the period for which, if payment had been continuous to the retirement date as at the time of election, payment would have been made; and

(c)

the appropriate actuarial valuation referred to in paragraph (3) is the assessment by the Government Actuary of the extent to which the value of the benefits is increased on account of being paid before the retirement date as at the time of election.