The Armed Forces Pension Scheme Order 2005, Paragraph 33 is up to date with all changes known to be in force on or before 08 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
33.—(1) This paragraph applies where the Scheme manager must determine an appropriate amount for the purposes of section 29 of WRPA 1999.
(2) For the purpose of calculating the appropriate amount, the Scheme manager must determine—
(a)the cash equivalent of D’s remediable relevant benefits on the valuation day as if those remediable relevant benefits were in this Scheme (“the legacy scheme cash equivalent”), and
(b)the cash equivalent of those benefits on the valuation day as if they were in the reformed scheme (“the reformed scheme cash equivalent”).
(3) For the purpose of calculating the pension credit, the Scheme manager must use the greater of—
(a)the legacy scheme cash equivalent;
(b)the reformed scheme cash equivalent.]
Textual Amendments
F1Sch. 3 inserted (1.10.2023) by The Armed Forces Pensions (Remediable Service) Regulations 2023 (S.I. 2023/998), reg. 1(b), Sch. 2
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