2.A.12.—(1) In determining—
(a)the pensionable pay for the period of pensionable service referred to in regulation 2.A.11(4) (meaning of “reckonable pay”: general);
(b)the period of 1095 days for which the member's pensionable pay was the highest for the purposes of regulation 2.A.11(6); or
(c)the pensionable pay for either of the periods of pensionable service referred to in regulation 2.A.11(7),
the amount of pensionable pay is to be adjusted for inflation.
(2) The reference in paragraph (1) to adjusting the amount of pensionable pay for inflation is a reference to increasing the member's pensionable pay (for a specified period or periods) by an amount equal to the amount by which, at the relevant day, an official pension within the meaning of section 5(1) of the Pensions (Increase) Act 1971 M1 first qualifying for an increase under that Act on the same day as the specified period, or periods, ended, would have been increased (if at all).
(3) In this regulation—
“specified period” means any single scheme year falling in the period, or periods, referred to in regulation 2.A.11(4), (6) or (7); and
“the relevant day” has the meaning given in regulation 2.A.11(5).
Marginal Citations
M11971 c.56. Section 5(1) was amended by paragraph 85 of Schedule 6 to the Superannuation Act 1972 (c.11).