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Scottish Parliamentary Pensions Act 2009
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- 2009 asp 1
- SCHEDULE 1
- Part H
- Early retirement
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Early retirementS
46(1)An individual is eligible to take early retirement if the individual is—S
(a)55 or over but is not yet 65, and
(b)neither an MSP nor the holder of a pensionable office.
(2)An eligible individual may take early retirement by giving notice (an “early retirement notice”) to the Fund trustees.
(3)Despite rule 37(1), an individual who takes early retirement is entitled to be paid his or her scheme pension from—
(a)the date on which the early retirement notice is given, or
(b)such later date as the individual may specify in the early retirement notice.
(4)The annual scheme pension payable to an individual is to be reduced by the appropriate percentage.
“appropriate percentage” is calculated as follows—
(5)The reduction in scheme pension is to continue to have effect after the individual reaches the age of 65.
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