SCHEDULE 2Scheme flexibilities

PART 2Additional pension election

CHAPTER 4Additional pension contributions by monthly payments

Member leaves all pensionable service before end of contributions payment period

16.

(1)

This paragraph applies if—

(a)

P leaves all pensionable service before the end of the contributions payment period; and

(b)

P does not pay the scheme manager a lump sum of an amount determined by the scheme manager within the period of 2 months beginning with the last day of pensionable service.

(2)

If this paragraph applies—

(a)

monthly payments for additional pension cease to be payable at the end of the period of one month beginning with the last day of pensionable service (“the one-month period”); and

(b)

the amount of accrued additional pension as at the last day of pensionable service is an amount determined by the scheme manager.

(3)

For the purpose of this paragraph, P is not taken to have left all pensionable service if—

(a)

during the one-month period, P begins a period of non-pensionable sick leave; and

(b)

during the period of non-pensionable sick leave, an ill-health pension becomes payable to P.