392. The final salary method.

The final salary method is to add to the amount that would be payable but for the provisions relating to the revaluation of accrued benefits1 or regulations2 made under those provisions, the additional amount specified in whichever applies of heads (1) to (4)3.

  1.  

    (1)     Where: (a) the termination of pensionable service4 occurs on or after 1 January 1991; and (b) the whole of the member's pensionable service falls on or after 1 January 1985, the additional amount is the appropriate higher revaluation percentage5 of the accrued benefit6.

  2.  

    (2)     Where: (a) the termination of pensionable service occurs before 1 January