SCHEDULES

SCHEDULE 1Payments for added pension

PART 2

CHAPTER 3Lump sum payments for added pension

Amount of added pension to be credited to added pension account14

1

This paragraph applies if a member elects to pay a lump sum to increase the member's retirement benefits and death benefits.

2

Following payment of the lump sum by the member an amount of added pension must be credited to the added pension account in the relevant scheme year.

3

The amount credited to the added pension account is an amount determined by the scheme manager by reference to actuarial guidance.