SCHEDULE 2Scheme flexibilities

PART 2Additional pension election

CHAPTER 4Additional pension contributions by monthly payments

Member leaves all pensionable service before end of contributions payment period16

1

This paragraph applies if—

a

P leaves all pensionable service before the end of the contributions payment period; and

b

P does not pay the scheme manager a lump sum of an amount determined by the scheme manager within the period of 2 months beginning with the last day of pensionable service.

2

If this paragraph applies—

a

monthly payments for additional pension cease to be payable at the end of the period of one month beginning with the last day of pensionable service (“the one-month period”); and

b

the amount of accrued additional pension as at the last day of pensionable service is an amount determined by the scheme manager.

3

For the purpose of this paragraph, P is not taken to have left all pensionable service if—

a

during the one-month period, P begins a period of non-pensionable sick leave; and

b

during the period of non-pensionable sick leave, an ill-health pension becomes payable to P.