Annual rate of full retirement pension
This section has no associated Explanatory Memorandum
69.—(1) This regulation applies if an active member of this scheme (P) exercises the partial retirement option in respect of the whole of P’s accrued pensions.
(2) The annual rate of each description of full retirement pension is calculated under regulation 61 by reference to the amount of that description of full retirement pension specified in the full retirement account.
(3) Regulation 61 applies as if the last day of pensionable service were the day before the day on which the member exercised the partial retirement option.