SCHEDULE 3Payments for added pension

PART 3Periodical payments for added pension

Amount of added (self only) pension for a scheme year (periodical payments)10

1

This paragraph applies in relation to each scheme year during which a member makes periodical payments to increase the member’s retirement benefits only.

2

An amount of added (self only) pension is credited to the active member’s account for that scheme year.

3

The amount is determined by the scheme manager in accordance with actuarial tables, having regard to the cost in the scheme year of providing retirement benefits to a person of the member’s age and gender.