PART 4Scheme membership
CHAPTER 2Pensionable service
Opting out after one monthI125
1
This regulation applies if a person (P) opts out of this scheme in relation to a continuous period of service in scheme employment—
a
one month or more after P’s first day of a continuous period of service in scheme employment; or
b
one month or more after P’s automatic re-enrolment date.
2
If P exercises the option under paragraph (1)(a) or (b), F1unless paragraph (3) applies P ceases to be in pensionable service under this scheme in relation to that continuous period of service in scheme employment—
a
on the first day of the first pay period beginning on or after the date on which the option is exercised; or
b
if the scheme manager considers that day inappropriate, on the first day of any later pay period the scheme manager considers appropriate.
F23
If P opts to join a partnership pension account, P ceases to be in pensionable service under this scheme in relation to that employment on the last day of the first pay period—
a
after the period of two months beginning on the date on which the option is exercised; or
b
after any shorter period the scheme manager considers appropriate.