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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 September 2019 - onwards
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27. Interpretation (Part III).

(1) In this Part and the Second Schedule, except where the context otherwise requires -

"contributory retirement benefit", means a member's ordinary retirement benefit multiplied by the member's reckonable service during which, under the rules of the scheme, he was required to pay contributions to the scheme and divided by the member's total reckonable service;

"contributory scheme", means a defined benefit scheme under the rules of which members are, or have been, required to pay contributions to the scheme;

"Directive of 2014", means Directive 2014/50/EU of the European Parliament and of the Council of 16 April 2014 [OJ No. L 128, 30.4.2014, p. 1] on minimum requirements for enhancing worker mobility between Member States by improving the acquisition and preservation of supplementary pension rights;

"minimum contributory retirement benefit", means a contributory retirement benefit of at least the minimum value required under section 35A;

"ordinary retirement benefit", mea

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