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33. After regulation 106 insert—
106A.—(1) An administering authority shall issue an annual benefit statement to each of its active, deferred and pension credit members.
(2) The first such statements must be issued on or before 1st April 2005 and subsequent statements must be issued on or before each 1st April thereafter.
(3) An annual benefit statement shall contain an illustration of the amount of benefit entitlement, in respect of the rights that may arise under the Scheme, which—
(a)has been accrued by the member at the relevant date, and
(b)in the case of an active member, is capable of being accrued by the member if he remains in the Scheme until his NRD.
(4) The illustration shall be calculated—
(a)in the case of active members, on the member’s pay (or, in the case of part-time employees, the whole-time equivalent) for the twelve-month period ending with the relevant date;
(b)in the case of deferred members, on the member’s final pay; and
(c)in the case of pension credit members, in accordance with regulation 153, as if the “normal benefit age” is the relevant date.
(5) The relevant date—
(a)is 31st March prior to the date that the statement is issued, or
(b)such later date as the authority may choose.”.
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