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The Railways Pension Scheme Order 1994

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Rule 6D

SCHEDULE 7 TO THE RULES OF THE SHARED COST ARRANGEMENTEARLY RETIREMENT LEVEL PENSION OPTION FACTORS

Factors to be applied to each £1 per annum of reduction in pension at State Pension Age to calculate the additional pension payable between retirement and State Pension Age.

MalesFemales
Age at retirementFactorAge at retirementFactor
NOTES:
1.

Pension payable until State Pension Age equals (i) pension payable but for Rule 6D (Early Retirement Level Pension Option) plus (ii) th of Final Average Basic State Pension for each year of Pensionable Service multiplied by the factor in the above table.

2.

Pension reduces at State Pension Age as set out in Rule 6D.

3.

Allowance shall be made for complete calendar months of age by linear interpolation between the figures in the table.

50.300050.5220
51.321651.5532
52.344452.5880
53.368453.6264
54.396054.6672
55.427255.7104
56.459656.7584
57.496857.8112
58.537658.8688
59.583259.9312
60.6348
61.6912
62.7548
63.8268
64.9084

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