PART 5Pension accounts

CHAPTER 6Deferred member’s account

Closure of deferred member’s account after gap in pensionable service not exceeding 5 years50

1

This regulation applies when a deferred member of this scheme in relation to a continuous period of pensionable service re-enters pensionable service under this scheme after a gap in pensionable service not exceeding 5 years.

2

The scheme manager must—

a

close the deferred member’s account in relation to that period of service and treat the deferred member’s account as if it were never established;

b

re-establish the active member’s account under Chapter 5 in relation to that period of service; and

c

make entries in the active member’s account as if, during the gap in pensionable service, the member—

i

was in pensionable service under this scheme; but

ii

received no pensionable earnings.