SCHEDULE 1Payments for extra pension

PART 3Effective pension age payments

CHAPTER 2Making effective pension age payments

Periodical payment periodI132

The periodical payment period—

a

begins with—

i

if the member exercises the option within 3 months after joining this scheme, the first appropriate pay period beginning on or after the date on which the scheme manager receives the option notice; or

ii

in any other case, the first appropriate pay period of the scheme year beginning on or after the date on which the scheme manager receives the option notice; and

b

ends on the earlier of—

i

the date on which the member ceases to be in pensionable service in the eligible employment to which the option relates; and

ii

the date on which the member reaches the effective pension age.