The Public Service (Civil Servants and Others) Pensions Regulations (Northern Ireland) 2014 No. 290

SCHEDULE 1 N.I. Payments for extra pension

PART 2 N.I. Payments for added pension

CHAPTER 4 N.I. Lump sum payments for added pension made by employer or third party

Amount of added (all beneficiaries) pension (lump sum payment) N.I.

24.—(1) This paragraph applies if an employer or third party opts to pay a lump sum to increase the member’s added (all beneficiaries) pension.

(2) On payment of the lump sum by the employer or third party an amount of added (all beneficiaries) pension is credited to the active member’s account in the relevant scheme year.

(3) The amount credited to the account is an amount determined by the scheme manager, after consultation with the scheme actuary, having regard to the amount of the lump sum payment.

Commencement Information

I1 Sch. 1 para. 24 in operation at 18.12.2014, see reg. 1(2)