Early payment of pensions with actuarial reduction
This section has no associated Explanatory Memorandum
7.—(1) Rule D.4 of the Scheme (early payment of pensions with actuarial reduction) is amended as follows.
(2) In paragraph (1)—
(a)for “D.2 or D.3”, in the first place where it occurs, substitute “or D2”,
(b)for “D.2 or D.3”, in the second place where it occurs, substitute “D2”,
(c)omit “or (3)”, and
(d)for the second sentence substitute—
“In this paragraph “the relevant age” means 55.”.
(3) Omit paragraph (3).
(4) In paragraph (4) omit “or, as the case may be, rule D.3(4)”.