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.