PART 5Pension accounts
CHAPTER 6Deferred member’s account
Provisional amount of deferred pensionI148
1
The deferred member’s account must specify the provisional amount of each description of deferred pension.
2
The provisional amount of each description of deferred pension is the sum of—
a
the amount of the relevant accrued pension calculated under regulation 35 (“accrued amount”);
b
the retirement index adjustment for the accrued amount; and
c
the assumed age addition (if any) for the accrued amount.
3
The retirement index adjustment is not applied in relation to an amount of accrued pension if a transfer payment was made before the end of the last active scheme year in respect of the member’s rights to that accrued pension.
4
In this regulation, “relevant accrued pension” means—
a
for a deferred standard earned pension, accrued standard earned pension;
b
for a deferred earned pension attributable to an effective pension age option or, accrued earned pension attributable to that option;
c
for a deferred club transfer earned pension, accrued club transfer earned pension;
d
for a deferred added (self only) pension, accrued added (self only) pension; and
e
for a deferred added (all beneficiaries) pension, accrued added (all beneficiaries) pension.