Amount of accrued added pension may not exceed overall limit of extra pensionN.I.
This section has no associated Explanatory Memorandum
4.—(1) At any given time, the total amount of accrued added pension in a member's added pension account may not exceed the overall amount of extra pension.
(2) If a member has elected to make periodical payments for added pension, the scheme manager may by written notice to the member cancel the election if it appears to the scheme manager that the overall limit of extra pension will be exceeded if the member continues to make the periodical payments.
(3) If the scheme manager cancels the election, the periodical payments cease to be payable from the next pay period beginning after the date specified in the notice of cancellation.