Regulation 111 Reduction in pensions in cases of wide age disparityI1
United Kingdom
(1)
This regulation applies if, on the death of a member of this scheme, a surviving adult’s pension is payable to a person (“the dependant”) 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 108, 109 or 110, as applicable; and
(b)
2.5 x (N –12)% of the amount of the annual rate of the pension so calculated,
where N is the number of whole years by which the dependant is younger than the member.