The Firefighters’ Pension Scheme Order (Northern Ireland) 2007

Articles 64(3), (5) and (6)

PART II CALCULATION OF APPROPRIATE AMOUNT

1.  The amount mentioned in article 64(3) is—

where—

A is the number of sixtieths of average pensionable pay specified in the election,

B is the length of the period, or the total length of the periods, during which payment had been made, and

C is the length of the period during which payment would have been made if payment had been continuous to the date of death or the person’s normal pension age.

2.  The amount mentioned in article 64(5)(b) is—

where A and B are the same as in paragraph 1 and D is the length of the period during which payment would have been made if payment had been continuous to the person’s retirement date.

3.  The actuarial valuation mentioned in article 64(6) is the assessment by the Government Actuary of the extent to which the value of the benefits is increased on account of their being paid before the person’s retirement date.