PART 4Contributions
CHAPTER 5Additional pension
Periodic contributions64
1
This regulation and regulations 65, 66 and 68 to 71 apply in relation to a member (M)—
a
in respect of whom an additional pension election is accepted; and
b
whose notice of election states that contributions are to be paid by periodic payments during the contributions payment period.
2
M's employing authority must—
a
deduct the contributions from M's pensionable earnings; and
b
pay them to the scheme manager not later than the 19th day of the month following that in which the earnings were paid to M.
3
The contributions payment period must—
a
be a whole number of years;
b
begin with the pay period in respect of which the first contribution is paid;
c
be not less than one year nor more than 20 years; and
d
end before M reaches normal pension age.
4
If the scheme manager re-determines the amount of the periodic payment during the contributions payment period, the re-determined amount must be paid from—
a
the beginning of the next scheme year; or
b
such later date as the scheme manager determines.