Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThis
Section
only
Status:
This is the original version (as it was originally made).
The reduced annual rate condition
This section has no associated Explanatory Memorandum
90. A person (P) meets the reduced annual rate condition if—
(a)P is in one or more eligible employments;
(b)the terms of employment change and as a result there is a reduction in the annual rate of P’s pensionable earnings; and
(c)the reduced annual rate is not more than 80% of the average annual rate of P’s pensionable earnings for the 6 months of pensionable service immediately before the reduction.
Back to top