Legislation – The Local Government Pension Scheme (Remediable Service) (Scotland) (Miscellaneous Amendment) Regulations 2024
Statutory underpin: flexible retirement3.
In regulation 4C, for paragraph (11) substitute—
“(11)
Where the eligible member’s final assumed benefits, calculated in accordance with paragraph (10), are exceeded by their final underpin amount—
(a)
where the eligible member’s next occurring final underpin date is that in regulation 4H(1)(a) to (e), the pension account to which that date relates is to be increased on the day after that date by an amount equal to the difference,
(b)
where the eligible member’s next occurring final underpin date is that in regulation 4H(1)(f), regulation 4D(2) applies,
(c)
where the eligible member’s next occurring final underpin date is that in regulation 4H(1)(h), regulation 4E(2) applies.”.