PART 2Transitional provisions

CHAPTER 4Contributions and final pay

Flexibility earnings credit : adjustment of pension payable21

1

Where pension benefits are payable under the old scheme, the amount payable is adjusted as follows.

2

As regards the element of pension payable under the old scheme in respect of service as an officer, the member is entitled only to the higher of—

a

the amount of pension actually payable under the old scheme in respect of service as an officer;

b

the amount of pension payable under the old scheme—

i

as if the member’s period of pensionable service as an officer were treated as pensionable service as a practitioner, and

ii

as though the uprated flexibility earnings credit were treated as pensionable earnings as a practitioner for that period,

and the provisions of paragraphs 11 and 19 of Schedule 1 to the 2011 Regulations and Part 4 of the 2008 Section do not apply.