# The Public Service (Civil Servants and Others) Pensions Regulations 2014, Regulation 32: Calculation of “retirement index adjustment”

Extent: E+W+S+N.I.

(1) Subject to regulation 32A, the retirement index adjustment for an amount of accrued pension is—
amount of accrued pension × retirement index percentage
where—
“amount of accrued 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 pension.
(2) The retirement index percentage is—
A×B12where—
A means—
(a)for accrued club transfer earned pension, the in-service revaluation index that applies in relation to the sending scheme for the leaving year; and
(b)for any other description of accrued 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 relevant last day; and
“complete month” includes an incomplete month that consists of at least 16 days.

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Source: https://www.legislation.gov.uk/uksi/2014/1964/regulation/32 (the official version)
Page: https://openlegislation.uk/public-service-civil-servants-and-others-pensions-regulations-2014/regulation-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.