SCHEDULE 2Scheme flexibilities

PART 4Election to buy out the standard reduction

CHAPTER 4Revocation and refund

Member leaves all pensionable service before qualifying for retirement benefits38

1

This paragraph applies if a member (P) leaves all pensionable service under this scheme before qualifying for retirement benefits in respect of that service.

2

If this paragraph applies, any monthly payments made before the last day of pensionable service must be refunded to P.