SCHEDULE 2Scheme flexibilities

PART 2Additional pension election

CHAPTER 1Making an additional pension election

Making an additional pension election

9.

(1)

An additional pension election by a member (P) must be made by written notice to the Department stating whether additional pension contributions are to be paid—

(a)

as a lump sum, or

(b)

by monthly payments.

(2)

If monthly payments are to be made, the notice must state the number of monthly payments, which—

(a)

must not be more than 240; and

(b)

must end before P reaches normal pension age under this scheme;

(3)

If P is in pensionable service in relation to more than one employment, the notice must specify which employer is to deduct the contributions.

(4)

The notice must be accompanied by a declaration by P that P is in normal health.

(5)

The Department may ask P or P's employer to provide further information.