Deferred member's account established after phased retirement pension ceases to be payableE+W
This section has no associated Explanatory Memorandum
68. 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.