14.—(1) For paragraph 16 of Schedule 2 (additional pensions paid to male members) substitute—
“16.—(1) Any rule, practice, action or decision where—
(a)the rate of pension to which a pensioner member is entitled is reduced at any time between age 60 and 65 (“the reduction date”), by either —
(i)an amount not exceeding the relevant state retirement pension rate at the reduction date, or
(ii)the rate of the pension in payment where on the reduction date the relevant state retirement pension rate is greater than the rate of that pension;
(b)from the date a member is entitled to present payment of a pension from a scheme he is entitled to an additional amount of pension which does not exceed the amount of the basic state retirement pension plus the additional state retirement pension that would be payable at state pension age; or
(c)a member who reaches his state pension age is not entitled to, or no longer entitled to, an additional amount of pension which does not exceed the amount of the basic state retirement pension plus the additional state retirement pension that would be payable at state pension age.
(2) For the purposes of paragraph (1)—
“relevant state retirement pension rate” has the same meaning as in paragraph 2(5) of Schedule 28 to the Finance Act 2004(1);
“state pension age” means the pensionable age specified in the rules in paragraph 1 of Schedule 4 to the Pensions Act 1995(2).”.
2004 c.12. Paragraph 2(5) was substituted by paragraph 20 of Schedule 23 to the Finance Act 2006 (c.25).
1995 c.26. Paragraph 1 of Schedule 4 was amended by paragraph 39 of Schedule 2 to the State Pension Credit Act 2002 (c.16).