SCHEDULE 1Occupational Pension Schemes: Excepted Rules, Practices, Actions and Decisions

The use of age criteria in actuarial calculations2

The use of age criteria in actuarial calculations in a scheme, for example in the actuarial calculation of—

a

any age related benefit commencing before any early retirement pivot age or enhancement of such benefit commencing after any late retirement pivot age;

b

member or employer contributions by or in respect of a member to a scheme; or

c

any age related benefit commuted in exchange for the payment of any lump sum.