17AFOperative time during growth phase—reduction of benefit under section 12A

#### 17AF Operative time during growth phase—reduction of benefit under section 12A If: (a) at the operative time, a standard pension is not payable in respect of the original interest; and (b) after the operative time, a benefit under section 12A becomes payable in respect of the original interest because of paragraph 12A(1)(a); the amount of the benefit (the benefit amount) is reduced, with effect from the operative time, by the amount calculated by multiplying the benefit amount, worked out at that time, by the transfer factor.