The Public Service (Civil Servants and Others) Pensions Regulations (Northern Ireland) 2014

Value of an effective pension age option N.I.

30.—(1) The value of an effective pension age option at any time is a value determined by the scheme manager as at that time(1).

(2) A member who has exercised an effective pension age option—

(a) may at any time ask the scheme manager to provide a statement of the value of the effective pension age option; and

(b) must ask the scheme manager to provide a statement of the value of the effective pension age option before an added pension option may be exercised in relation to the member.

Commencement Information

I1 Sch. 1 para. 30 in operation at 18.12.2014, see reg. 1(2)

(1)

()Under paragraph 4(a) (limit on elections), a member may not exercise an added pension option if the value of an effective pension age option exceeds the overall limit of extra pension