# The Police Pensions Regulations (Northern Ireland) 2015, Regulation 43: Calculation of “retirement index adjustment”


(1) The retirement index adjustment for an amount of accrued earned pension is—
amount of accrued earning pension × retirement index pensionwhere—
“amount of accrued earned pension” means an amount of any description of accrued pension; and
“retirement index percentage” means the retirement index percentage calculated under paragraph (2) for that description of accrued earned pension.
(2) The retirement index percentage is—
A × B 12where—
A means—
(i)for accrued club transfer earned pension, the in-service revaluation index that applies in relation to the sending scheme for the leaving year; and
(ii)for accrued standard earned pension, the in-service revaluation index that applies in relation to this scheme for the leaving year;
B is the number of complete months in the period between the beginning of the leaving year and the end of the last day of pensionable service; and
“complete month” includes an incomplete month that consists of at least 16 days.

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Source: https://www.legislation.gov.uk/nisr/2015/113/regulation/43 (the official version)
Page: https://openlegislation.uk/police-pensions-regulations-northern-ireland-2015/regulation-43
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.