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66.—(1) This regulation applies where a person (“P”) owes a net liability to the scheme after taking into account regulation 65.
(2) The scheme manager must send a notice in writing to P that the net liability must be paid.
(3) P must pay the amount of the net liability to the scheme manager—
(a)on or before a date determined by the scheme manager as being reasonable after having regard to all the circumstances of the case, or
(b)in accordance with an agreement under paragraph (4).
(4) P and the scheme manager may agree that the net liability is paid in part or in full—
(a)by instalments;
(b)by way of deductions from any benefits (including a lump sum benefit) to which P is entitled under the legacy scheme or the 2015 scheme; or
(c)by a combination of (a) and (b).
(5) But where the net liability includes amounts owed as a consequence of an election under regulation 8(1) and P is not a pensioner member, the scheme manager may not agree that the net liability is paid in part or in full accordance with paragraph (4)(b) or (c).
(6) P and the scheme manager may agree to vary an agreement made in accordance with paragraph (4).
(7) Where P does not pay the amount that P is required to pay under paragraph (3), the scheme manager may, after providing notice in writing to P, deduct such sums from benefits payable to P from the legacy scheme or the 2015 scheme as the scheme manager considers reasonable for the purpose of discharging P’s liability.
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