The Public Service (Civil Servants and Others) Pensions Regulations 2014
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Change 1
55 Amount of partial retirement pension
(1) The partial retirement account must specify the amount of each description of partial retirement pension. (2) The amount of each description of partial retirement pension is the sum of— (a) the amount of the relevant accrued pension calculated under regulation 36 (“accrued amount”); (b) the retirement index adjustment for the accrued amount; and (c) the assumed age addition (if any) for the accrued amount. (3) For each amount of a description of partial retirement pension, the partial retirement account must specify— (a) the early payment reduction (if any); (b) the commutation amount (if any); and (c) the total allocation amount (if any). (4) In this regulation, “relevant accrued pension” means— (a) for a partial retirement standard earned pension, accrued standard earned pension; (b) for a partial retirement earned pension attributable to an effective pension age option or an enhanced effective pension age option, accrued earned pension attributable to that option; (c) for a partial retirement club transfer earned pension, accrued club transfer earned pension; (d) for a partial retirement added (self only) pension, accrued added (self only) pension; and (e) for a partial retirement added (all beneficiaries) pension, accrued added (all beneficiaries) pension.
55 Amount of partial retirement pension
(1) The partial retirement account must specify the amount of each description of partial retirement pension. (2) The amount of each description of partial retirement pension is the sum of— (a) the amount of the relevant accrued pension calculated under regulation 36 (“accrued amount”); (b) the retirement index adjustment for the accrued amount; and (c) the assumed age addition (if any) for the accrued amount. (3) For each amount of a description of partial retirement pension, the partial retirement account must specify— (a) the early payment reduction (if any); (b) the commutation amount (if any); and (c) the total allocation amount (if any). (4) In this regulation, “relevant accrued pension” means— (a) for a partial retirement standard earned pension, accrued standard earned pension; (b) for a partial retirement earned pension attributable to an effective pension age option or an enhanced effective pension age option, accrued earned pension attributable to that option; (c) for a partial retirement club transfer earned pension, accrued club transfer earned pension; (d) for a partial retirement added (self only) pension, accrued added (self only) pension; and (e) for a partial retirement added (all beneficiaries) pension, accrued added (all beneficiaries) pension.
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