SCHEDULE 2Scheme flexibilities

PART 2Additional pension election

CHAPTER 4Additional pension contributions by monthly payments

Retirement pension (other than ill health pension) becomes payable before end of contributions payment period17

1

This paragraph applies if any of the following retirement pensions becomes payable to a member (P) before the end of the contributions payment period—

a

an age retirement pension;

b

a phased retirement pension (if P has elected to receive additional pension with it);

c

a premature retirement pension;

d

an early retirement pension.

2

If this paragraph applies—

a

monthly payments for additional pension cease to be payable on the entitlement day for that pension; and

b

the amount of accrued additional pension as at the relevant last day is an amount determined by the scheme manager.