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Paragraph 29 Value of an effective pension age option

Original text. Later amendments are not shown.

(1)

The value of an effective pension age option at any time is a value determined by the scheme manager as at that time.

(2)

A member who has exercised an effective pension age option—

(a)

may at any time ask the scheme manager to provide a statement of the value of the effective pension age option; and

(b)

must ask the scheme manager to provide a statement of the value of the effective pension age option before an added pension option may be exercised in relation to the member.