PART 4Scheme membership

CHAPTER 4Deferred membership

Meaning of “deferred member”I1F128

1

A person (P) becomes a deferred member of this scheme in relation to a continuous period of pensionable service under this scheme (“the relevant service”) if paragraph (2) or (3) applies.

2

This paragraph applies if—

a

P ceases to be an active member of this scheme in relation to the relevant service before P reaches normal pension age under this scheme;

b

P does not become a pensioner member of this scheme in relation to the relevant service; and

c

P has at least 2 years’ qualifying service or a transfer payment otherwise than from another occupational pension scheme has been received by this scheme in relation to P.

3

This paragraph applies if—

a

P ceases to be an active member of this scheme in relation to the relevant service on or after P reaches normal pension age under this scheme; and

b

P does not become a pensioner member of this scheme in relation to the relevant service.

4

A person becomes a deferred member of this scheme in relation to an amount of accrued earned pension if the scheme manager so directs under regulation 78(2) (deferment of accrued earned pension attributable to a transfer payment).

5

A person becomes a deferred member of this scheme in relation to an amount of added pension if —

a

the circumstances in regulation 79(1) apply (deferment of added pension attributable to recent payments); or

b

P exercises the option under regulation 83 (option to defer payment of added pension).