PART 4Pension accounts

CHAPTER 6Deferred member's account

Deferred member's account established after phased retirement pension ceases to be payable68.

If a phased retirement pension ceases to be payable to a person (P) under regulation 97 and P does not re-enter pensionable service—

(a)

a deferred member's account must be established; and

(b)

the scheme manager must increase the amount of accrued earned pension by the phased retirement proportion.