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Paragraph 2

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

“Total retirement benefits” means the total of—

(a)

the annual rate of the participator’s retirement pension under these regulations;

(b)

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

(c)

the annual equivalent of any retirement lump sum under the 1988 Regulations;

together with the total of so much of—

(d)

the annual rate of any pension payable to the participator under any approved scheme; and

(e)

the annual equivalent of any retirement lump sum under any approved scheme—

as is attributable to contributions paid while in pensionable employment.