Annual rate of pension credit retirement pension
This section has no associated Policy Notes
153. The annual rate of a pension credit retirement pension is found by—
(a)taking the amount of credited pension specified in the pension credit member’s account;
(b)applying the actuarial adjustment (if any) specified in the account in relation to that amount; and
(c)subtracting the commutation amount (if any) specified in that account in relation to that amount.