There are currently no known outstanding effects for the The Judicial Pensions Regulations 2022, Section 21.
21.—[F1(1) The retirement index adjustment for an amount of accrued pension is—
where—
“amount of accrued pension” means an amount of any description of accrued pension;
“retirement index percentage” means the retirement index percentage calculated under paragraph (2).]
(2) The retirement index percentage is—
where—
A means the [F2in-service revaluation index] that applies in relation to this scheme for the leaving year;
B is the number of complete months in the period between the beginning of the leaving year and the end of the relevant last day; and
“complete month” includes an incomplete month that consists of at least 16 days.
[F3(3) In paragraph (2), “in-service revaluation index”, in relation to a pension scheme, means the percentage increase or decrease by which the pensionable earnings of a person, or a proportion of those earnings accrued as a pension, are revalued whilst the person is in pensionable service in that pension scheme.]
Textual Amendments
F1Reg. 21(1) substituted (with effect from 1.4.2022) by The Judicial Pensions (Remediable Service etc.) Regulations 2023 (S.I. 2023/766), reg. 1(b), Sch. para. 8(1)(2)(a)
F2Words in reg. 21(2) substituted (with effect 1.4.2022) by The Judicial Pensions (Remediable Service etc.) Regulations 2023 (S.I. 2023/766), reg. 1(b), Sch. para. 8(1)(2)(b)
F3Reg. 21(3) inserted (with effect from 1.4.2022) by The Judicial Pensions (Remediable Service etc.) Regulations 2023 (S.I. 2023/766), reg. 1(b), Sch. paras 8(1)(2)(c)
Commencement Information
I1Reg. 21 in force at 1.4.2022, see reg. 1(4)
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