OpenLegislation

Regulation 141 Reduction in pensions in cases of wide age disparity

(1)

This regulation applies if, on the death of a member of this scheme, a surviving adult's pension becomes payable to a surviving adult who is more than 12 years younger than the member.

(2)

The annual rate of the surviving adult's pension is reduced by the lower of—

(a)

50% of the amount of the annual rate of the pension calculated under regulation 138,139 or 140; and

(b)
2.5 × ( N − 12 ) %