Print Options
PrintThe Whole
Instrument
PrintThe Whole
Schedule
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThis
Section
only
Status:
This is the original version (as it was originally made).
Member leaves all pensionable service before end of contributions payment period
This section has no associated Explanatory Memorandum
16.—(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.
Back to top