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7.—(1) Subject to sub-paragraph (2), if the person—
(a)before the end of the contribution period ceases to be in pensionable employment; and
(b)does not again enter pensionable employment within one month and before becoming entitled to retirement benefits,
the principal election ceases to have effect.
(2) Unless he receives a refund of contributions under regulation C9, he may—
(a)if he became entitled to payment of retirement benefits on ceasing to hold his employment, on or after applying for them and before receiving a retirement lump sum; or
(b)in any other case, within 3 months after the end of his employment,
by giving written notice to the Department make an election under paragraph 8 or 9.
(3) If the payment referred to in paragraph 8, or, as the case may be, paragraph 9 is not made within the period allowed in sub-paragraph (2) the election shall cease to have effect.
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