The Judicial Pensions (Preservation of Benefits) Order 1995

Preserved pension

5.—(1) An office holder who has completed two years of relevant service, but who ceases to hold qualifying judicial office before normal pension age, shall be eligible for a pension when he reaches normal pension age.

(2) The annual rate at which that pension shall be paid shall be calculated in accordance with the formula

where—

a

A is the number of years and days of completed relevant service (expressed in years and fractions of years as appropriate) of the office-holder;

b

B is the number of years and days of completed relevant service (expressed in years and fractions of years as appropriate) which the office-holder would have served if that service had continued until normal pension age; and

c

C is the full rate.

(3) Where the office-holder has entered into one or more contracts to purchase added years under the Judicial Added Years Scheme constituted under Part IV of the Judicial Pensions (Additional Voluntary Contributions) Regulations 1995(1), then for the purposes of the calculation in paragraph (2), the number of years included in A in paragraph (2)(a) shall be increased by the result of the calculation of the formula

applied to each contract entered into where—

a

D is the number of years and days (expressed in years and fractions of years as appropriate) during which added years were purchased by the office-holder;

b

E is the number of years and days (expressed in years and fractions of years as appropriate) during which added years would have been purchased if the office-holder had continued in service until normal pension age; and

c

F is the number of added years that the office-holder contracted to purchase.

(1)

S.I. 1995/639