Regulation 125 Re-employment after ill health awardsI1
United Kingdom
This regulation applies where—
an ill health pension has been awarded to a member in respect of a continuous period of pensionable service (“earlier service”); and
subsequently, the member re-enters pensionable service (“current service”).
The ill health pension ceases to be payable on the first day of the current service.
The member becomes a deferred member in respect of the earlier service.
The scheme manager must close the pension member’s account and establish a deferred member’s account in respect of the earlier service.
The scheme manager must credit to the deferred member’s account as the provisional amount for each description of deferred pension the amount specified in the pension member’s account less an amount attributable to the enhancement value under Chapter 3 of Part 5.