[F1 SCHEDULE 2 U.K. Transitional Provision

Textual Amendments

F1 Sch. 2 inserted (1.4.2015) by The Armed Forces (Transitional Provisions) Pensions Regulations 2015 (S.I. 2015/568), reg. 1(2), Sch. 2

PART 6 U.K. Miscellaneous transitional provisions

Nomination under the AFPS 2005 continues to have effect U.K.

45.— (1) This paragraph applies if a transition member with continuity of service has not nominated a person under the AFP Regulations 2014 to receive a lump sum death benefit under the AFP Regulations 2014.

(2) An existing nomination has effect as if made under the AFP Regulations 2014 until the transition member makes a nomination under the AFP Regulations 2014.

(3) In this paragraph, “existing nomination” means a nomination which—

(a) was made for the purpose of the AFPS 2005; and

(b) as at T’s transition date, had effect under the AFPS 2005.

Option to buy added years under the AFPS 2005 continues to have effect U.K.

46.— (1) This paragraph applies if a transition member with continuity of service—

(a) has exercised an option under rule C.1(1) (member’s option to pay contributions to increase service) before 31st March 2015; and

(b) on 31st March 2015, the contractual option period is extant.

(2) Periodical payments paid by the member in accordance with Part C of the AFPS 2005 after 31st March 2015 and before the end of the contractual option period are valid for the purposes of Part C, and the contractual option period continues as if the member continued in pensionable service under the AFPS 2005.

Opting out of AFPS 2015 - contributions under the AFPS 2005 cease to be payable U.K.

47.   If a transition member with continuity of service opts out of the AFPS 2015 any periodical payments paid by the member in accordance with Part C of the AFPS 2005 cease to be payable.]