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.