The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025
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Change 1
68 Amendment of regulation 17: calculation of benefits
In regulation 17 (calculation of benefits)— (a) in paragraph (4), for sub-paragraph (e) substitute— (e) that, except where there is a multi-annual reduction in effect, the amount of any adjustment required or made to the rate or amount of benefits provided under the scheme that is an increase must be determined on the assumptions that— (i) that increase will be made in each year for the remaining lives of— (aa) the beneficiaries of the scheme on the effective date; (bb) the expected survivors in relation to the members of the scheme on the effective date, and (ii) that increase will include the projected change in inflation. ; (b) omit paragraph (5); (c) in paragraph (10C), after “(4)(e)” insert “and (f)”.
68 Amendment of regulation 17: calculation of benefits
In regulation 17 (calculation of benefits)— (a) in paragraph (4), for sub-paragraph (e) substitute— (e) that, except where there is a multi-annual reduction in effect, the amount of any adjustment required or made to the rate or amount of benefits provided under the scheme that is an increase must be determined on the assumptions that— (i) that increase will be made in each year for the remaining lives of— (aa) the beneficiaries of the scheme on the effective date; (bb) the expected survivors in relation to the members of the scheme on the effective date, and (ii) that increase will include the projected change in inflation. ; (b) omit paragraph (5); (c) in paragraph (10C), after “(4)(e)” insert “and (f)”.
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