OpenLegislation

Paragraph 1 I1

Northern Ireland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Subject to sub-paragraphs (2) to (4), an amount which a person undertakes to pay in accordance with this paragraph shall be paid by such regular instalments as will secure that the whole of the amount has been paid within a period of 5 years and before he reaches normal pension age; the instalments are payable to the Board which may deduct them from his pay.

(2)

The person may at any time discharge his liability in whole or part by paying to the Board the whole or, as the case may be, a part of the balance then outstanding.

(3)

If before he has paid the whole of the amount he—

(a)

retires and does not become entitled to an award other than one under article 17 (repayment of aggregate pension contributions); or

(b)

dies,

any balance then outstanding shall be treated as having been paid.

(4)

If before he has paid the whole of the amount he retires and becomes entitled to an award other than one under article 17, the Board may deduct the balance then outstanding from payments of any award payable to him.

Annotations

Commencement

I1

Sch. 6 Pt. 1 para. 1 in operation at 1.4.2006, see art. 1(2)