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JUDGES' PENSIONS ACT 1968 - SECT 17AG

Operative time during growth phase--reduction of associate deferred pension

    If:

  (a)   at the operative time, a standard pension is not payable in respect of the original interest; and

  (b)   the original interest is an entitlement to an associate deferred pension;

the annual rate of the associate deferred pension (when it becomes payable) is reduced to the amount calculated under the Pension Orders.

Note:   Although an associate immediate pension becomes payable at the operative time, an associate deferred pension will often not become payable until some time after the operative time.



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