The Public Service (Civil Servants and Others) Pensions Regulations 2014
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Change 1
64 Exercise of partial retirement option
(1) This regulation applies if— (a) a person (P) is an active member of this scheme in relation to a continuous period of pensionable service; (b) P has reached normal minimum pension age; (c) the terms on which P is employed have changed and as a result of that change the annual rate of P’s permanent pensionable earnings is reduced to 80% of their amount before the change or less; and (d) P would be entitled to the immediate payment of a full retirement pension in relation to that period of service if P left pensionable service and claimed payment of the pension. (2) P may opt to continue in pensionable service but claim payment of the whole or part only of P’s accrued pensions for the continuous period of pensionable service before P’s pensionable earnings were reduced (“partial retirement option”). (3) P may not exercise a partial retirement option more than once in relation to a description of accrued pension.
64 Exercise of partial retirement option
(1) This regulation applies if— (a) a person (P) is an active member of this scheme in relation to a continuous period of pensionable service; (b) P has reached normal minimum pension age; (c) the terms on which P is employed have changed and as a result of that change the annual rate of P’s permanent pensionable earnings is reduced to 80% of their amount before the change or less; and (d) P would be entitled to the immediate payment of a full retirement pension in relation to that period of service if P left pensionable service and claimed payment of the pension. (2) P may opt to continue in pensionable service but claim payment of the whole or part only of P’s accrued pensions for the continuous period of pensionable service before P’s pensionable earnings were reduced (“partial retirement option”). (3) P may not exercise a partial retirement option more than once in relation to a description of accrued pension.
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