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76.—(1) When an active member becomes entitled to payment of a retirement pension other than a phased retirement pension in respect of any pensionable service—
(a)the active member's account and any additional pension account must be closed; and
(b)a pension account for the pensioner member must be established (“the pensioner member's account”).
(2) When a deferred member becomes entitled to payment of a retirement pension other than a phased retirement pension in respect of any pensionable service—
(a)the deferred member's account and any additional pension account must be closed; and
(b)a pension account for the pensioner member must be established (“the pensioner member's account”).
(3) The pensioner member's account must specify—
(a)the amount of full retirement earned pension payable to the member, and for that amount—
(i)the standard reduction (if any);
(ii)the actuarial adjustment (if any); and
(iii)the conversion amount (if any); and
(b)the amount of full retirement additional pension payable to the member, and for that amount—
(i)the actuarial adjustment (if any); and
(ii)the conversion amount (if any).