Regulation 71 Meaning of “actuarial adjustment”I1

Scotland

In these Regulations, “actuarial adjustment” means the actuarial adjustment that is applied when calculating the annual rate of pension payable—

(a)

to a member who, on the entitlement day for a pension other than an age retirement pension or an ill-health pension, has not reached normal pension age; or

(b)

to an active member who becomes a pensioner member after reaching normal pension age.

Annotations

Commencement

I1: Reg. 71 in force at 1.4.2015, see reg. 1(2)(b)