http://www.legislation.gov.uk/uksi/1995/2648/note/made
The Pensions Commutation (Amendment) Regulations 1995
Local Government
King's Printer of Acts of Parliament
2011-07-04
PENSIONS
These Regulations amend the Pensions Commutation Regulations 1968 by substituting in the Schedule to those Regulations new tables giving the rates to be used in calculating the capital sum to be paid in commutation of a pension or a portion of a pension. For the purposes of determining those rates, interest has been reckoned at the rate of 9 per cent. per annum, and an appropriate allowance has been made for increases payable either under the Pensions (Increase) Act 1971 (c. 56) or under a Prerogative Instrument relating to the Armed Forces.
(This note is not part of the Regulations)
These Regulations amend the Pensions Commutation Regulations 1968 by substituting in the Schedule to those Regulations new tables giving the rates to be used in calculating the capital sum to be paid in commutation of a pension or a portion of a pension. For the purposes of determining those rates, interest has been reckoned at the rate of 9 per cent. per annum, and an appropriate allowance has been made for increases payable either under the Pensions (Increase) Act 1971 (c. 56) or under a Prerogative Instrument relating to the Armed Forces.