136Retirement benefit

136 Retirement benefit

(1)  A member who leaves service –

(a) at or after the normal retirement date; or

(b) within 10 years before the normal retirement date; or

(c) with the consent of the Ambulance Service, at any time, on the grounds of ill-health such that the member is, in the opinion of the Commission, unable to continue employment with the Ambulance Service but is not eligible for a benefit under regulation 139  –

is entitled to a benefit equal to the amount calculated in accordance with the following formula:

[](/image/fas x arm.gif)

where –

accrued retirement multiple means the total of the amounts obtained by multiplying the number of years of service as a member during which the member’s contribution rate was the percentage set out in the first column of the table below by the corresponding percentage specified in the second column of the table.

| Column 1 – Member Contribution Rate | Column 2 – Percentage | | 1. 4.7% | 17.375% | | 2. 5% | 17.75% | | 3. 6% | 19.00% | | 4. 7% | 20.25% | | 5. 8% | 21.50% | | 6. 9% | 22.75% | | 7. 10% | 24.00% | | 8. 11% | 25.25% |

(2)  The Commission may pay to a member who –

(a) is in service on or after the normal retirement date; and

(b) requests payment –

a benefit equal to the benefit which would have been payable under subregulation (1) had the member retired on the normal retirement date, together with interest from that date at the scheme earning rate.