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SCHEDULE 2E+WScheme flexibilities

PART 4 E+WElection to buy out the standard reduction

CHAPTER 2E+WPayment of buy-out contributions

Monthly payments during gap in serviceE+W

35.—(1) A member (P) who has a gap in service during the contributions payment period may choose to resume monthly payments on re-entering pensionable service.

(2) P is taken to revoke a buy-out election if P's gap in service exceeds 5 years.