PART 4 Pension accounts

CHAPTER 5 Active member’s account

Closure and re-establishment of active member’s account
37. (1) The scheme manager must close an active member’s account in relation to a period of service when the scheme manager establishes in relation to that period of service—
(a) a deferred member’s account under Chapter 7 (deferred member’s account); or
(b) a retirement account under Chapter 8 (retirement account).
(2) The scheme manager must re-establish an active member’s account under this Chapter if the scheme manager closes a deferred member’s account under Chapter 7.
(3) Where an active member has more than one active member’s account and ceases to be in pensionable service in respect of service in one scheme employment without having qualifying service for a period of three months in respect of that account, the active member’s account for that employment must be closed and the benefits in that account must be aggregated with the other active member’s account.
(4) If the active member has more than one active member’s account after the account mentioned in paragraph (3) has been closed, the member may choose which active member’s account the benefits from the closed account should be aggregated with.
(5) If the active member fails to make the selection mentioned in paragraph (4), the scheme manager may choose which active member’s account the benefits from the closed account should be aggregated with.