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5.—(1) An active member of this scheme may opt to make payments for added pension to increase—
(a)the member's retirement benefits M1 for a period of service; or
(b)the member's retirement benefits and death benefits payable in respect of the member for a period of service.
(2) A member may exercise the added pension option by written notice to the scheme manager in a form required by the scheme manager (“the option notice”).
(3) The option notice must state whether the payments for added pension are to be made by—
(a)periodical payments; or
(b)a lump sum payment.
(4) A member may exercise the added pension option more than once but an option to make a lump sum payment for added pension may only be exercised once in any scheme year.
(5) An option to make a lump sum payment for added pension may only be exercised if the member—
(a)has been an active member of this scheme in relation to a continuous period of pensionable service for at least 12 months; and
(b)has been provided with a statement of the amount of added pension (if paragraph 16 applies).
Modifications etc. (not altering text)
C1Sch. 3 para. 5(5) excluded (1.10.2023) by The Police Pensions (Remediable Service) Regulations (Northern Ireland) 2023 (S.R. 2023/122), regs. 1(b), 30
Marginal Citations
M1Added pension which increases the member's retirement benefits is payable to the member as part of the member's full retirement pension in accordance with the provisions of Part 6 of these Regulations.