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SCHEDULE 7Pension accounts

PART 1Interpretation

Meaning of “full retirement additional pension”

6.—(1) The amount of full retirement additional pension is the sum of—

(a)the amount of accrued additional pension calculated under paragraph 28(3); and

(b)the leaver AP index adjustment for that amount.

(2) In calculating the amount of full retirement additional pension, the leaver AP index adjustment is not applied to the amount of accrued additional pension if a transfer payment is made in respect of the member’s rights to that accrued pension before the end of the last active scheme year.