Regulation 106 Purchase of added years by retired FPJAYS members

(1)

A notice given under regulation 104(2) by a retired FPJAYS member (“R”) must specify—

(a)

R’s assumed contribution commencement date;

(b)

the date R retired; and

(c)

the number of added years R would like to purchase.

(2)

The maximum number of added years that R may purchase under the FPJAYS is to be determined in accordance with the formula $20 - (A + B + C)$ where—

(a)

A is the aggregate length of R’s reckonable service in eligible fee-paid judicial offices held by R;

(b)

B is the aggregate length of R’s service in qualifying judicial office (within the meaning of Part 1 of the Judicial Pensions and Retirement Act 1993); and

(c)

C is the equivalent value of any retained benefits to which R was entitled at the assumed contribution commencement date.

(3)

Where the maximum number of added years would (apart from this paragraph) be negative, it is instead nil.