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Status:
Point in time view as at 01/08/2021.
Changes to legislation:
There are currently no known outstanding effects for the The Teachers' Pension Scheme Regulations 2014, Section 74.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Meaning of “actuarial adjustment”E+W
This section has no associated Explanatory Memorandum
[74.—(1) In these Regulations, “actuarial adjustment” means the actuarial adjustment that is applied when calculating the annual rate of pension payable to—
(a)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)an active member or a deferred member who becomes a pensioner member after reaching normal pension age.
(2) In the case of an actuarial adjustment applied under paragraph (1)(b)—
(a)the actuarial adjustment only relates to a period of pensionable service of the active member or the deferred member after reaching normal pension age; and
(b)the actuarial adjustment must only be applied to the accrued earned pension of the active member or the deferred member that accrued before reaching normal pension age.]
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