Paragraph 25 Exercising the effective pension age option
(1)
A member may exercise an effective pension age option by notice to the scheme manager in a form required by the scheme manager.
(2)
The option notice must state the effective pension age which is to apply under the option.
(3)
A member may exercise an effective pension age option more than once.
(4)
A member may not exercise an effective pension age option during—
(a)
a period of assumed pay; or
(b)
any scheme year in which the member has reached the overall limit of extra pension for that year.