SCHEDULES

SCHEDULE 9Pension accounts

PART 2Active member's account

Actuarial reduction buy-out15

In relation to a scheme year which falls within a buy-out period F1(see regulation 45(4) and (5)) the entry in the account relating to the standard earned pension must note—

a

that a buy-out election has effect (unless it is revoked); and

b

the number of years in respect of which the actuarial reduction is to be bought out.