SCHEDULE 2Scheme flexibilities

PART 2Additional pension election

CHAPTER 4Additional pension contributions by monthly payments

Retirement pension (other than ill-health pension) becomes payable before end of contributions payment period

17.

(1)

This paragraph applies if any of the following retirement pensions becomes payable to P before the end of the contributions payment period—

(a)

an age retirement pension;

(b)

a phased retirement pension (if P has elected to receive additional pension with it);

(c)

a premature retirement pension;

(d)

an early retirement pension.

(2)

If this paragraph applies—

(a)

monthly payments for additional pension cease to be payable on the entitlement day for that pension; and

(b)

the amount of accrued additional pension as at the relevant last day is an amount determined by the Department.