SCHEDULE 2Scheme flexibilities

PART 2Additional pension election

CHAPTER 5Revocation and refund

Member leaves all pensionable service before qualifying for retirement benefits

21.

(1)

This paragraph applies if a member (P) leaves all pensionable service under this scheme before P is qualified for retirement benefits in respect of that service.

(2)

On an application by P for a repayment of the balance of contributions—

(a)

any monthly payments made before the last day of pensionable service must be refunded to P; and

(b)

the additional pension account must be closed.