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Paragraph 2

Original text. Later amendments are not shown.

“Total retirement benefits” means the total of so much of–

(a)

the annual rate of the participator’s retirement pension under these Regulations, and

(b)

the annual rate of any retirement pension under the 1988 Regulations, and

(c)

the actuarial equivalent as an annual pension of any retirement lump sum under the 1988 Regulations,

as is not attributable to the receipt of any transfer value, together with the annual rate of any pension payable to him under a free-standing additional voluntary contributions scheme.