Amendment of regulation 25

8.  In regulation 25 (opting out after one month), for paragraph (3) substitute—

“(3) If P opts to join a partnership pension account, P ceases to be in pensionable service under this scheme in relation to that employment on the last day of the first pay period—

(a) after the period of two months beginning on the date on which the option is exercised; or

(b) after any shorter period the scheme manager considers appropriate.”.