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.