Regulation 93 Annual rate of phased retirement pensionI1

taking the amount of phased retirement earned pension specified in P’s pensioner member’s account;

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

if P has applied to receive an additional pension with the phased retirement earned pension, adding the amount of phased retirement additional pension specified in that account;

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

subtracting the commutation amount (if any) specified in that account in relation to the sum of those amounts.