Cessation of phased retirement pension
This section has no associated Explanatory Memorandum
97. A phased retirement pension ceases to be payable to a member (P) if—
(a)in the 12 months after the entitlement day, the annual rate of P’s pensionable earnings increases; and
(b)as a result, the annual amount of P’s pensionable earnings in that 12 month period is more than 80% of the average annual rate—
(i)if P met the reduced annual rate condition, in the 6 months of pensionable service immediately before the reduced annual rate took effect; or
(ii)if P met the new employment condition, in the last 6 months of the previous employment.