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SCHEDULES

SCHEDULE 1Payments for added pension

PART 2

CHAPTER 2Periodical payments for added pension

Periodical payments

8.—(1) The periodical payments may be payable by deduction by the member’s employer from the member’s pensionable pay during the periodical payment period.

(2) The periodical payment period—

(a)begins with the first appropriate pay period beginning on or after the date on which the scheme manager receives the notice of election; and

(b)ends on the earliest of—

(i)the date of the next appropriate pay period if the member gives the notice of discontinuance under paragraph 9,

(ii)date of the next pay period after the date specified in a notice of cancellation given by the scheme manager under paragraph 4(2),

(iii)the date on which the member ceases to be an active member, and

(iv)the date specified in the notice of election.

(3) If the member does not want to pay the periodical payments by deduction from pensionable pay, the scheme manager may agree another method of payment.