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.