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PART 5N.I.Pension accounts

CHAPTER 5N.I.Active member’s account

Closure of active member’s accountN.I.

45.—(1) The scheme manager must close an active member’s account in relation to a period of service when the scheme manager establishes in relation to that period of service—

(a)a deferred member’s account under regulation 47; or

(b)a full retirement account under regulation 51.

(2) The scheme manager must re-establish an active member’s account under this Chapter when the scheme manager closes—

(a)a deferred member’s account under regulation 50; or

(b)a full retirement account under regulation 53.

Commencement Information

I1Reg. 45 in operation at 1.4.2015, see reg. 1(3)