PART 2 BENEFITS FOR OFFICERS

CHAPTER 2.D MEMBERS' RETIREMENT BENEFITS

Entitlement to pensions

2.D.3 Late payment of pension with actuarial increase
1 This regulation applies if a member becomes entitled to immediate payment of pension under regulation 2.D.1 after reaching the age of 65.
2 So much of the amount of the pension to which the member would otherwise be entitled under that regulation (before any commutation under regulation 2.D.14) as is attributable–
(a) to the member’s pensionable service before that age; and
(b) to any contributions paid under regulations 2.C.8, 2.C.10 or 2.C.11 before that age,
is increased.
3 The amount of the increase must be calculated in accordance with guidance and tables provided by the scheme actuary to the Scottish Ministers for the purposes of this regulation.
4 In preparing that guidance and those tables the scheme actuary must use such factors as the scheme actuary considers appropriate, having regard, in particular, to the period after reaching the age of 65 before the member becomes entitled to immediate payment of the pension and the life expectancy of the member.