PART 4Contributions

CHAPTER 2Refund: short service

Effect of refund41

If a repayment of contributions is made pursuant to regulation 39, the rights of the member (M) under this scheme are extinguished unless—

a

M or M's spouse or civil partner is entitled to a guaranteed minimum pension under the scheme; and

b

no contributions equivalent premium has been paid.

2

Paragraph (1) does not apply if—

a

M again becomes a member of this scheme; and

b

before the end of the period of 6 months starting on the date M again becomes a member, M repays to the scheme manager the contributions together with any interest paid in respect of them.