18 Calculation of benefits
Pension Schemes Act 2021 (2021 c 1) | Legislation

Valuation and benefit adjustment

18  Calculation of benefits

(1)     A collective money purchase scheme must have rules about how the rate or amount of benefits provided under the scheme is to be determined.

(2)     The rules must include—

(a)     rules for determining the available assets of the scheme and their value,

(b)     rules for determining the required amount, and

(c)     rules about how the rate or amount

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