SCHEDULE 3Payments for added pension
PART 4Lump sum payments for added pension made by member
Member's option to make a lump sum payment for added pension
13.
(1)
The option notice must specify the amount of the lump sum which must not be less than any minimum amount determined by the scheme manager.
(2)
The lump sum is payable immediately to the scheme manager by deduction by the member's employer from the member's pay or otherwise.