The pension input amount for a hybrid arrangement is the greater or greatest of such of the pension input amounts A, B and C (see below) as are relevant inputs. An input is ‘relevant’ for this purpose if the benefits which may be provided under the arrangement may possibly include cash-balance, money-purchase or defined benefits.

The categories of pension input amounts are determined by reference to what would have been the pension input amount on three assumptions; that the arrangement provided cash-balance, money-purchase or a defined benefits benefits, so that:

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