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.