Effect of refundN.I.
This section has no associated Explanatory Memorandum
41. 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.