PART 6Retirement benefits
CHAPTER 3Partial retirement benefits
Annual rate of partial retirement pension64.
(1)
This regulation applies if an active member of this scheme (P) exercises the partial retirement option in respect of part only of P’s accrued pensions.
(2)
The annual rate of each description of partial retirement pension is calculated under regulation 57 by reference to the amount of each description of full retirement pension specified in the full retirement account.
(3)
Regulation 57 applies as if—
(a)
the reference to a full retirement pension were a reference to a partial retirement pension; and
(b)
the reference to the full retirement account were a reference to the partial retirement account.