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There are currently no known outstanding effects for the The Judicial Pensions (Fee-Paid Judges) Regulations 2017, Section 128K.
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128K.—(1) The cost of each added unit of benefit is determined in accordance with the following formula—
where—
A is the sum of the personal benefits and family benefits percentage figures set out in the first table in Schedule 3 to the 1995 Regulations on the assumed contribution commencement date, which correspond to the length of time between the assumed contribution commencement date and the assumed retirement date
B is the length of time referred to in the definition of A, in years and fractions of a year, subject to the limit on total contributions allowed in any one year by regulation 128I
For the purposes of this regulation, PRS is to be determined as if—
the value of WS were determined as if references to the member’s retirement were instead references to the assumed commencement date,
the value of RS were determined on the assumption that the member would retire at the assumed retirement date having worked the number of qualifying fee-paid days which they specified in their membership notice that they propose to work each year,
the value of JS were determined on the assumption that the member retires at their assumed retirement age, subject to a maximum of 20 years.
(2) For each part unit of added benefit purchased the cost is that determined in paragraph (1) multiplied by the appropriate decimal fraction, to a minimum of £0.01.]
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