Paragraph 1 InterpretationI1
United Kingdom
In this Schedule—
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“amount of extra pension” means the amount of accrued added pension at any time;
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“appropriate pay period” means the pay period that the scheme manager considers appropriate;
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“notice of election” has the meaning given in paragraph 5;
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“overall limit of extra pension” has the meaning given in paragraph 2;
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“periodical payment period” means the period for which periodical payments for added pension payments are payable;
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“period of service” in relation to this scheme, means a continuous period of pensionable service under this scheme;
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“the relevant day” means the day on which the lump sum is received by the scheme manager;
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“the relevant scheme year” means the scheme year in which the relevant day falls.
Annotations
Commencement
- I1
Sch. 1 para. 1 in force at 1.4.2015, see reg. 1(2)