Regulation 6 Pensioner’s rights premiums
For the purpose of calculating the amount of a pensioner’s rights premium, the Secretary of State shall apply the actuarial tables in Schedule 4 or the actuarial tables in Schedule 5, in accordance with the provisions of this regulation.
In a case where the person in question is entitled to receive a guaranteed minimum pension in respect of his own service in contracted-out employment, the Secretary of State shall apply the actuarial tables in Schedule 4.
In a case where the person in question is a woman who is entitled to receive a guaranteed minimum pension in respect of her late husband’s service in contracted-out employment, the Secretary of State shall apply the actuarial tables in Schedule 5.
In a case where the person in question is a man who is entitled to receive a guaranteed minimum pension in respect of his late wife’s service in contracted-out employment and the circumstances are such that regulation 33D of the Contracting-out Regulationsf1 applies, the Secretary of State shall apply the actuarial tables in Schedule 5.