C1F1PART 10PENSION SHARING
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
PENSION CREDIT MEMBERS AND PENSION CREDIT
CalculationI1C190
1
The annual rate of the pension at normal benefit age shall be the pension calculated as referred to in regulation 84(4) (discharge of liability for pension credit rights), increased in accordance with the Pensions (Increase) Act (Northern Ireland) 197149 and, if applicable, the Pensions Increase (Northern Ireland) Order 197450 from the day on which the pension sharing order takes effect.
2
Where applicable, the lump sum grant shall be equal to 3 times the annual rate of pension.
Regulations revoked (except reg. 4 for specified purposes, reg. 6 for specified purposes and reg. 11) (1.4.2015) by The Local Government Pension Scheme (Amendment and Transitional Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/189), regs. 1(1), 2(1), Sch. 2 (with regs. 3, 13, 14(1)(d), Sch. 5)