Regulation 43 Retirement on or after reaching normal pension age – active membersI1
United Kingdom
A member is entitled to the immediate payment for life of a retirement pension under this scheme if—
the member ceases to be in pensionable service under this scheme at or after reaching normal pension age; and
the member has not made a claim for a pension under regulation 44 (retirement before reaching normal pension age – deferred members) in respect of that service.
But a member is not so entitled unless—
the member has claimed payment of the pension; and
the member has at least 2 years’ qualifying service; or
a transfer value payment otherwise than from another occupational pension scheme has been accepted in relation to the member under Part 8 (Transfers).
A member, who is entitled to a retirement earned pension under this regulation, is entitled to immediate payment for life of—
a retirement added pension, if the F1pensioner member’s account specifies an amount of retirement added pension; and
a retirement club transfer earned pension, if the F2pensioner member’s account specifies an amount of club transfer earned pension.
The claim for payment of a pension under this regulation must be made by notice in writing to the scheme administrator in such form as the scheme manager requires.
In the event that the member delays making a claim under this regulation after reaching the normal pension age the in-service late payment supplement or the late payment supplement (as applicable) will apply to the account of the member.
Annotations
Textual amendments
- F1
Words in reg. 43(3)(a) substituted (1.4.2015) by The Armed Forces Pension Scheme and Early Departure Payments Scheme (Amendment) Regulations 2015 (S.I. 2015/466), regs. 1(2), 6(a)
- F2
Words in reg. 43(3)(b) substituted (1.4.2015) by The Armed Forces Pension Scheme and Early Departure Payments Scheme (Amendment) Regulations 2015 (S.I. 2015/466), regs. 1(2), 6(b)