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The National Health Service Superannuation Scheme (Scotland) Regulations 2011
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- Scottish Statutory Instruments
- 2011 No. 117
- PART Q
- Regulation Q10
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Changes over time for: Section Q10
Version Superseded: 01/04/2015
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- 01/04/2011- Amendment
- 01/04/2013
Point in time - 01/04/2015- Amendment
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The National Health Service Superannuation Scheme (Scotland) Regulations 2011, Section Q10 is up to date with all changes known to be in force on or before 14 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Member's option to pay lump sum contributions to purchase additional pensionS
This section has no associated Executive Note
Q10.—(1) A member who is in pensionable employment may opt to make a single lump sum contribution to increase by a specified amount—
(a)the benefits payable to the member under Parts E and S, including if a member dies after a pension becomes payable, the benefits paid to a surviving partner and dependent children at the same rate as the member's pension for three to six months under Parts G, H and S; or
(b)those benefits and the benefits payable in respect of surviving partners and dependent children under Parts G, H and S.
(2) A member may only make a contribution under this regulation of an amount—
(a)that is not less than the minimum amount; or
(b)a multiple of that amount.
(3) In paragraph (2) “the minimum amount” means the amount that is, in accordance with tables prepared for the Scottish Ministers by this Section of the scheme's actuary, the amount of the single contribution required at the time that the option is exercised to secure an increase in the member's pension of—
(a)£250; or
(b)such other amount as the Scottish Ministers may for the time being determine.
(4) A member may exercise the option under paragraph (1) more than once.
(5) If a member exercises an option under paragraph (1) the additional contribution is payable by the member to the employing authority—
(a)by deduction from the member's earnings or otherwise; and
(b)before the end of the period of 1 month beginning with the day on which the member is notified by the Scottish Ministers that the option is accepted.
(6) The employing authority must pay the additional contributions to the Scottish Ministers not later than the 19th day of the month following the month in which the earnings were paid or, as the case may be, the authority received payment of the contribution.
(7) The total increase in the member's pension as a result of contributions made under this regulation, taken together with any increase as a result of—
(a)contributions made under regulation Q8; or
(b)contributions made under regulation Q11,
may not exceed £5000 or such other amount as the Scottish Ministers may for the time being determine.
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