Exemption from requirement to modify payment functionE+W+S
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10. For the purposes of section 171(4) of the Act (equal treatment), the prescribed circumstances are where the difference in treatment as between a woman and a man in the operation of any of the payment functions is attributable to—
(a)the application of actuarial factors in respect of the difference in the life expectancy of men and women; or
(b)any difference in the amount payable by way of a pension which is permitted by regulations made under section 64(2) of the Pensions Act 1995 (equal treatment rule - exceptions).