{
  "url": "https://openlegislation.uk/registered-pension-schemes-bridging-pensions-regulations-2007/regulation-2",
  "json_url": "https://openlegislation.uk/registered-pension-schemes-bridging-pensions-regulations-2007/regulation-2.json",
  "legislation": "uksi/2007/826",
  "legislation_title": "The Registered Pension Schemes (Bridging Pensions) Regulations 2007",
  "legislation_url": "https://openlegislation.uk/registered-pension-schemes-bridging-pensions-regulations-2007",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Prescribed percentage of the basic pension rate",
  "text": "(1) The prescribed percentage of the rate of the basic pension under paragraph 2(5)(c) of Schedule 28 to the Finance Act 2004 is that found by the formula—\n125+( 125 A B )\nHere—\nA is the total number of years of a member’s employment to which the pension scheme relates which is not or has not been contracted-out employment, and\nB is the total number of years of a member’s employment to which the pension scheme relates.\n(2) In paragraph (1) “the basic pension” and “contracted-out employment” have the meanings given by paragraph 2(5A) of Schedule 28 to the Finance Act 2004.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Paragraph 2(5A) of Schedule 28 was substituted by paragraph 20(3) of Schedule 23 to the Finance Act 2006."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/826/regulation/2",
    "retrieved_at": "2026-10-29T03:57:40.073147+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}