Amendment of regulation Q447.
(1)
Regulation Q4 (paying for additional service by single payment) is amended as follows.
(2)
For paragraph (1) substitute—
“(1)
A member who wishes to buy additional service for all or part of the member’s previous pensionable service in accordance with regulation Q1(9) by a single payment must elect to do so within 12 months of re-joining the scheme following the break in pensionable employment described in that regulation.”.
(3)
Omit paragraph (2).
(4)
For paragraph (3) substitute—
“(3)
The amount of a single payment for additional service will be one-half of the cost calculated in accordance with Table 1 of Schedule 1.”.
(5)
Omit paragraph (7).