Operative time during payment phase—reduction of pension
146MG Operative time during payment phase—reduction of pension
If, at the operative time, standard pension is payable in respect of the original interest, then the annual rate of that pension is reduced to the amount calculated under the Orders.
If, at the operative time, additional pension is payable in respect of the original interest, then the annual rate of that pension is reduced to the amount calculated under the Orders.
A reduction under this section is to be disregarded in calculating the amount of any non‑standard pension that later becomes payable.
For example, the reduction will be disregarded in calculating the amount of orphan pension payable in respect of the child of the member spouse after the member spouse’s death.
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