# The Teachers’ Pension Scheme (Scotland) ( No. 2) Regulations 2014, Regulation 71: Meaning of “actuarial adjustment”

Extent: S

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.

---
Source: https://www.legislation.gov.uk/ssi/2014/292/regulation/71 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-scotland-no-2-regulations-2014/regulation-71
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.