Regulation 102 Annual rate of premature retirement pension

The annual rate of premature retirement pension payable to a person (P) is found by—

(a)

taking the amount of full retirement earned pension specified in P's pensioner member's account;

(b)

applying the standard reduction (if any) and the actuarial adjustment (if any) specified in that account in relation to that amount;

(c)

subtracting the conversion amount (if any) specified in that account in relation to that amount;

(d)

adding the amount of full retirement additional pension (if any) specified in that account;

(e)

applying the actuarial adjustment (if any) specified in that account in relation to that amount; and

(f)

subtracting the conversion amount (if any) specified in that account in relation to that amount.