PART 7Benefits for pension credit members

CHAPTER 2Pension credit retirement pension

Annual rate of pension credit retirement pension156

The annual rate of a pension credit retirement pension is found by—

a

taking the amount of credited pension specified in the pension credit member's account;

b

applying the actuarial adjustment (if any) specified in the account in relation to that amount; and

c

subtracting the conversion amount (if any) specified in that account in relation to that amount.