SCHEDULES

SCHEDULE 9Pension accounts

PART 1Interpretation

Meaning of “full retirement additional pension”6

1

The amount of full retirement additional pension is the sum of—

a

the amount of accrued additional pension calculated under paragraph 28(3); and

b

the leaver AP index adjustment for that amount.

2

In calculating the amount of full retirement additional pension, the leaver AP index adjustment is not applied to the amount of accrued additional pension if a transfer payment is made in respect of the member's rights to that accrued pension before the end of the last active scheme year.