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Regulation 98 Benefits which may be provided

Original text. Later amendments are not shown.

(1)

A JAVC member is entitled to the benefits attributable to the scheme assets.

(2)

The administrators must provide only benefits authorised by or under Chapter 3 of Part 4 of the 2004 Act.

(3)

Where the JAVC member wishes, from time to time, to take benefits under this scheme the member must give notice in writing to the administrators.

(4)

A notice under paragraph (3) must specify—

(a)

the proportion of the JAVC member’s benefits referred to in paragraph (1) to which the notice relates;

(b)

the JAVC member’s preference as to the benefits to be provided under paragraph (2) in relation to that proportion; and

(c)

if the JAVC member wishes a combination of benefits to be provided, what proportion of the JAVC member’s benefits the member wishes to be allocated to each type of benefit.