Periodical payment periodN.I.
This
adran has no associated
Memorandwm Esboniadol
32. The periodical payment period—
(a)begins with—
(i)if the member exercises the option within 3 months after joining this scheme, the first appropriate pay period beginning on or after the date on which the scheme manager receives the option notice; or
(ii)in any other case, the first appropriate pay period of the scheme year beginning on or after the date on which the scheme manager receives the option notice; and
(b)ends on the earlier of—
(i)the date on which the member ceases to be in pensionable service in the eligible employment to which the option relates; and
(ii)the date on which the member reaches the effective pension age.
Commencement Information
I1Sch. 1 para. 32 in operation at 18.12.2014, see reg. 1(2)