Amendment of regulation 70
47.—(1) Regulation 70 (Paying for additional service by single payment) is amended as provided by paragraphs (2) to (5).
(2) For paragraph (1) substitute—
“(1) A member who wishes to buy additional service for all or part of his previous superannuable service in accordance with regulation 67(9) by a single payment must elect to do so within 12 months of re-joining the scheme following the break in superannuable employment described in that regulation.”.
(3) Omit paragraph (2).
(4) For paragraph (3) substitute—
“(3) The amount of a single payment for additional service will be one-half of the cost calculated in accordance with Table 1 of Schedule 1.”.
(5) Omit paragraph (7).