CHAPTER 1E+WMaking an additional pension election
Election to pay contributions for additional pensionE+W
6.—(1) This paragraph applies in relation to a member of this scheme (P) who—
(a)is in pensionable service under this scheme; and
(b)has not reached normal pension age under this scheme.
(2) P or, with P's consent, P's employer may elect to pay contributions for an additional pension in respect of P (“additional pension election”).
(3) An additional pension election—
(a)must state whether the election is for—
(i)an additional (self only) pension; or
(ii)an additional (self only) pension and an additional (surviving adult) pension; and
(b)must specify the annual rate of additional (self only) pension to be paid with P's retirement pension.
Annual rate of additional (self only) pensionE+W
7. The annual rate of additional (self only) pension specified in an additional pension election must be a multiple of—
(a)£250; or
(b)any other amount determined by the scheme manager.
Lump sum or monthly paymentsE+W
8.—(1) An employer's contributions for additional pension must be made by lump sum.
(2) A member's additional pension contributions may be paid by lump sum or by monthly payments.
Making an additional pension electionE+W
9.—(1) An additional pension election by a member (P) must be made by written notice to the scheme manager stating whether additional pension contributions are to be paid—
(a)as a lump sum, or
(b)by monthly payments.
(2) If monthly payments are to be made, the notice must state the number of monthly payments, which—
(a)must not be more than 240; and
(b)must end before P reaches normal pension age under this scheme;
(3) If P is in pensionable service in relation to more than one employment, the notice must specify which employer is to deduct the contributions.
(4) The notice must be accompanied by a declaration by P that P is in normal health.
(5) The scheme manager may ask P or P's employer to provide further information.
Accepting an additional pension electionE+W
10.—(1) The scheme manager may accept an additional pension election by giving written notice to—
(a)the member (P); and
(b)P's employer.
(2) For the purpose of these Regulations, an additional pension election is accepted when P receives notice from the scheme manager.