SCHEDULES

SCHEDULE 6Statements of benefits: money purchase benefits F1and cash balance benefits

Annotations:
Amendments (Textual)
F1

Words in Sch. 6 heading inserted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 79(7) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

PART 2Pension illustration

F26A

For cash balance benefits, an illustration of the amount of the pension calculated—

a

in accordance with paragraph 7(1)(a)(ii) and (2);

b

in accordance with the rules of the scheme; and

c

where appropriate, in a manner consistent with the relevant guidance,

that is likely to be secured by the member at the member’s normal pension age in respect of the member’s rights to cash balance benefits that have arisen or may arise under the scheme.