# The Public Service (Civil Servants and Others) Pensions Regulations 2014, Regulation 93: Annual rate of pension credit member’s pension

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

(1) The annual rate of a pension credit member’s pension is calculated by—
(a) taking the amount of credited pension specified in the pension credit member’s account;
(b) subtracting the early payment reduction (if any) specified in that account in relation to that amount; and
(c) subtracting the commutation amount (if any) specified in that account in relation to that amount.
(2) If a member buys out the early payment reduction, the annual rate of pension is calculated without subtracting the early payment reduction.

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Source: https://www.legislation.gov.uk/uksi/2014/1964/regulation/93 (the official version)
Page: https://openlegislation.uk/public-service-civil-servants-and-others-pensions-regulations-2014/regulation-93
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.