SCHEDULE 2Pension schemes
Part 2Excepted rules, practices, actions and decisions relating to occupational pension schemes
F113B.
(1)
A minimum age for any member of a scheme for payment of or entitlement to a particular age related benefit on the grounds of redundancy where it is enhanced in accordance with sub-paragraph (2) and paid either with or without consent (whether of an employer, the trustees or managers of the scheme or otherwise).
(2)
The enhancement of any age related benefit payable to or in respect of a member on the grounds of redundancy where the enhancement is calculated in one or more of the following ways—
(a)
by reference to the years of prospective pensionable service a member would have completed if he had remained in pensionable service until normal pension age;
(b)
by reference to a fixed number of years of prospective pensionable service;
(c)
by making an actuarial reduction which is smaller than if early retirement had been on grounds to which paragraph 12 applied; or
(d)
by not making any actuarial reduction for early retirement.
(3)
Sub-paragraph (1) shall also apply to different minimum ages for different groups or categories of members.