59.—(1) This regulation applies when an active member of this scheme becomes entitled to the immediate payment of a retirement pension.
(2) The annual rate of a retirement pension payable on the day following the last day of pensionable service to a member to whom this regulation applies is calculated by adding the total of paragraphs (a), (b) and (c) —
(a)the sum of—
(i)the amount of retirement earned pension specified in the member’s retirement account,
(ii)subtracting the early payment reduction (if any), specified in that account in relation to that amount,
(iii)subtracting the commutation amount (if any) specified in that account in relation to that amount,
(iv)subtracting the total allocation amount (if any) specified in that account in relation to that amount; and
(b)the sum of—
(i)the amount of retirement added pension (if any) specified in the member’s retirement account,
(ii)subtracting the early payment reduction (if any), specified in that account in relation to that amount,
(iii)subtracting the commutation amount (if any) specified in that account in relation to that amount,
(iv)subtracting the total allocation amount (if any) specified in that account in relation to that amount; and
(c)the amount of the higher tier ill-health pension (if any) awarded to the member under regulation 64(2)(entitlement to lower tier ill-health pension and higher tier ill-health pension).