Regulation 38 Establishment of a pensioner member’s accountI1
United Kingdom
When an active member becomes entitled to the immediate payment of a retirement earned pension under regulation 43 (retirement on or after reaching normal pension age – active members) or an ill-health pension under regulation 51 or 52 (entitlement to ill-health pension: active member with permanent serious ill-health and entitlement to ill-health pension: active member with significant impairment of capacity for gainful employment)—
the active member’s account must be closed; and
a pension account for the pensioner member must be established F1....
When a deferred member becomes entitled to the payment of a retirement earned pension under regulation 44 (retirement before reaching normal pension age – deferred members) or an ill-health pension under regulation 56 (entitlement to ill-health pension: deferred member with permanent serious ill-health)—
the deferred member’s account must be closed; and
a pension account for the pensioner member must be established F2....
Annotations
Textual amendments
- F1
Words in reg. 38(1)(b) omitted (1.4.2015) by virtue of The Armed Forces Pension Scheme and Early Departure Payments Scheme (Amendment) Regulations 2015 (S.I. 2015/466), regs. 1(2), 5(a)
- F2
Words in reg. 38(2)(b) omitted (1.4.2015) by virtue of The Armed Forces Pension Scheme and Early Departure Payments Scheme (Amendment) Regulations 2015 (S.I. 2015/466), regs. 1(2), 5(b)