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This is the original version (as it was originally made).
Annual rate of age retirement pension
This section has no associated Explanatory Memorandum
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.
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