PART 5Retirement benefits
CHAPTER 6Allocation of part of pension
Making an allocation election81
1
When an active or deferred member intends to make an allocation election, that member must—
a
satisfy the scheme manager that that member is in good health and has a normal life expectancy; and
b
give the scheme manager written notice of an allocation election specifying—
i
the portion,
ii
the name and address of the beneficiary,
iii
the sex of the beneficiary, and
iv
the date of birth of the beneficiary.
2
The notice of allocation, which may be sent by post, must be given not earlier than two months before the pension comes into payment.
3
Where the requirements in paragraphs (1) and (2) have been satisfied, the scheme manager must notify the member that it has accepted the allocation election.
4
An election has no effect if the member or the beneficiary dies before the notice of allocation takes effect.