F1PART 14AFEE-PAID JUDICIAL ADDED BENEFITS SCHEME
Contributions128G
1
The contribution to the FPJABS which the FPJABS member must make is to be paid in accordance with this regulation.
2
The contribution to the FPJABS for a retired FPJABS member must be made by a single lump sum payment to the administrators, within 12 months of the date of the retired FPJABS member’s membership notice (or by such later date as the administrators may agree).
3
An unretired FPJABS member may make contributions by way of up to three lump sum payments, made within three years beginning with the date of the unretired FPJABS member’s membership notice (but no more than one lump sum payment may be made in each calendar year), in respect of any contributions relating to the period beginning with the assumed contribution commencement date and ending with the date agreed under paragraph (4).
4
The date on which an unretired FPJABS member may start payment of periodic contributions (“the periodic contributions start date”) must—
a
be within 12 months of the date of the unretired FPJABS member’s membership notice (or by such later date as the administrators may agree); and
b
be agreed between the unretired FPJABS member and the administrators.
5
Periodic contributions to the FPJABS must be made by way of deductions from fees or salary.
6
Periodic contributions continue until the unretired FPJABS member—
a
reaches the assumed retirement age;
b
retires before the assumed retirement age;
c
dies; or
d
notifies the administrators that the member wishes the contributions to cease,
whichever occurs first.
Pts. 14A, 14B inserted (1.4.2023) by The Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2023 (S.I. 2023/403), reg. 1(1), Sch.