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The National Health Service Pension Scheme (Scotland) Regulations 2015

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This is the original version (as it was originally made).

PART 4Pensioner member’s account

Pension accounts for active or deferred members who become pensioner members

20.—(1) When an active member becomes entitled to payment of a retirement pension other than a partial retirement pension in respect of any pensionable service—

(a)the active member’s account and any additional pension account must be closed; and

(b)a pension account for the pensioner member must be established (“the pensioner member’s account”).

(2) When a deferred member becomes entitled to payment of a retirement pension other than a partial retirement pension in respect of any pensionable service—

(a)the deferred member’s account and any additional pension account must be closed; and

(b)a pension account for the pensioner member must be established (“the pensioner member’s account”).

(3) The pensioner member’s account must specify—

(a)the amount of full retirement earned pension payable to the member, and for that amount—

(i)the actuarial reduction (if any);

(ii)the late payment actuarial increase (if any); and

(iii)the conversion amount (if any);

(b)the amount of full retirement additional pension payable to the member, and for that amount—

(i)the actuarial reduction (if any);

(ii)the late payment actuarial increase (if any); and

(iii)the conversion amount (if any); and

(c)the amount of an allocation pursuant to an election by the member under regulation 51.

Pension accounts for partial retirement members

21.—(1) On the entitlement day for a partial retirement pension—

(a)a pensioner member’s account must be established for the member (M);

(b)if M is an active member, the active member’s account must be adjusted by reducing the amount of accrued earned pension specified in that account by the partial retirement percentage (see regulation 83(3));

(c)if M is also a deferred member, the deferred member’s account must be adjusted by reducing the amount of accrued earned pension specified in that account by the partial retirement percentage;

(d)after the adjustment, Parts 2 and 3 apply in relation to M as if the amount of accrued earned pension specified in the active member’s account or deferred member’s account had always been reduced by the specified percentage; and

(e)if M has elected under regulation 83(3)(b) to receive additional pension with the partial retirement earned pension, the additional pension account must be closed.

(2) The pensioner member’s account must specify—

(a)the amount of partial retirement earned pension payable to M, and for that amount—

(i)the actuarial reduction (if any);

(ii)the late payment actuarial increase (if any); and

(iii)the conversion amount (if any); and

(b)the amount of partial retirement additional pension payable to M, and for that amount—

(i)the actuarial reduction (if any);

(ii)the late payment actuarial increase (if any); and

(iii)the conversion amount (if any).

(3) The entitlement day is the election day for the purposes of regulation 83.

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