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PART 13U.K.THE FEE-PAID JUDICIAL ADDED YEARS SCHEME

CHAPTER 3U.K. [F1unretired] FPJAYS MEMBERS

Textual Amendments

Purchase of added years by [F2unretired] FPJAYS membersU.K.

110.—(1) A notice given by an [F3unretired] FPJAYS member (“M”) under regulation 104(2) must specify—

(a)M's assumed contribution commencement date;

(b)M's assumed retirement age;

(c)the number of qualifying fee-paid days which M proposes to work each year [F4in any office in relation to which benefits are to be calculated under the post-1995 provisions] to the period ending with the date on which M reaches M's assumed retirement age; and

(d)the number of added years M intends to purchase.

(2) The date on which M is to start payment of periodic contributions (“the periodic contributions start date”) must—

(a)be within 12 months of the date on which M gives the notice, and

(b)be agreed between M and the administrators.

(3) The maximum number of added years that M may purchase under the FPJAYS is to be determined in accordance with the formula

(a)A is the aggregate length of reckonable service in eligible fee-paid judicial offices that M would have at M's assumed retirement date [F5and for this purpose regulation 103(1A) and (1B) does not apply], assuming that M works the number of qualifying fee-paid days notified under paragraph (1)(c);

(b)B is the aggregate length of service in qualifying judicial office (within the meaning of Part 1 of the Judicial Pensions and Retirement Act 1993) that M would have at M's assumed retirement date; and

(c)C is the equivalent value of any retained benefits to which M was entitled at the assumed contribution commencement date.

(4) Where the maximum number of added years would (apart from this paragraph) be negative, it is instead nil.

Textual Amendments