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The Judicial Pensions Regulations (Northern Ireland) 2015
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- Northern Ireland Statutory Rules
- 2015 No. 76
- PART 7
- Regulation 85
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This is the original version (as it was originally made).
Annual rate of pension credit member’s pension
85.—(1) The annual rate of a pension credit member’s pension is calculated by—
(a)taking the amount of credited pension specified in the pension credit member’s account;
(b)subtracting the early payment reduction (if any) specified in that account in relation to that amount; and
(c)subtracting the commutation amount (if any) specified in that account in relation to that amount.
(2) If a member opts to buy out the early payment reduction, as provided for by regulation 86, the annual rate of pension is calculated without subtracting the early payment reduction.
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