Paragraph 27 Member ceases to be in pensionable service under this scheme
An effective pension age option in relation to a continuous period of pensionable service under this scheme ceases to have effect when the member ceases to be in that pensionable service.
Periodical payments cease to be payable from the member’s last day of pensionable service.
In the circumstances provided for in regulation 129, the member is entitled to a refund under that regulation of the periodical payments.
If the member re-enters pensionable service under this scheme after a gap in pensionable service not exceeding 5 years, should the member so opt, the periodical payments resume in the first pay period after the member re-enters pensionable service unless—
the periodical payments have been refunded to the member under regulation 129; or
a transfer value payment has been made to another scheme in respect of the member’s accrued rights under this scheme.
The periodical payments resume under sub-paragraph (4) even if the member has reached the overall limit of extra pension for the scheme year in which the payments resume.