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SCHEDULE 2E+WScheme flexibilities

PART 2 E+WAdditional pension election

CHAPTER 5E+WRevocation and refund

Revoking an additional pension electionE+W

18.—(1) P may revoke an additional pension election at any time before the end of the contributions payment period.

(2) A revocation must be by written notice to the scheme manager.

(3) A revocation has effect from the date it is received by the scheme manager (“date of revocation”).

(4) P is taken to revoke an additional pension election if—

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

(b)P is qualified or re-qualified for retirement benefits in respect of that service.

(5) On the date of revocation—

(a)monthly payments for additional pension under that election cease to be payable; and

(b)the amount of accrued additional pension as at that date is an amount determined by the scheme manager.