# The Police Pensions Regulations 1987, Paragraph 3


Where the policeman retired after the beginning of the tax year in which he attains state pensionable age, the gratuity calculated in accordance with the preceding provisions of this Part shall be reduced by an amount equal to the capitalised value, as calculated by the Government Actuary, of the annual rate of any pension paid to him under Regulation J1(2) (policeman with a guaranteed minimum for the purposes of the Social Security Pensions Act 1975).

---
Source: https://www.legislation.gov.uk/uksi/1987/257/schedule/B/part/IV/paragraph/3 (the official version)
Page: https://openlegislation.uk/police-pensions-regulations-1987/schedule-B/part-IV/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.