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87.—(1) This regulation applies if an active member or a deferred member (P) becomes entitled to payment of an age retirement pension.
(2) The annual rate of age retirement pension payable to P is found by—
(a)taking the amount of full retirement earned pension specified in P's pensioner member's account;
(b)applying the actuarial adjustment (if any) specified in that account in relation to that amount;
(c)subtracting the conversion amount (if any) specified in that account in relation to that amount;
(d)adding the amount of full retirement additional pension (if any) specified in that account; and
(e)subtracting the conversion amount (if any) specified in that account in relation to that amount.