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110.—(1) A notice given by an active 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 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 where—
(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, 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.
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