PART 7Benefits for pension credit members
CHAPTER 2Pension credit retirement pension
Entitlement to pension credit retirement pension155
1
A pension credit member (P) is entitled to payment of a pension credit retirement pension from the entitlement day if P has applied under regulation 162 for payment of the pension.
2
If P is entitled to 2 or more pension credits—
a
benefits are payable to P under this scheme as if P were 2 or more members, each being entitled to one of the pension credits; and
b
the amounts payable are determined accordingly.
3
A pension credit retirement pension is payable for life.