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Paragraph 5 Purchase of additional service

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

(1)

A person who satisfies the conditions specified in paragraph (2) may, in accordance with the following provisions of this Chapter, elect to purchase additional service for the purpose of securing increased benefits under this Scheme.

(2)

The conditions are that the person—

(a)

is a firefighter member of the Scheme,

(b)

is not a pension credit member, and

(c)

would be entitled to reckon less than forty years' pensionable service at normal retirement age.

(3)

Additional service may be purchased as years or part of a year, but the aggregate of—

(a)

the period purchased,

(b)

the person’s pensionable service up to the date of the purchase, and

(c)

the person’s prospective service from that date to normal retirement age,

must not exceed forty years.

(4)

Additional service may be purchased—

(a)

by payment of a lump sum calculated in accordance with tables provided by the Scheme Actuary; or

(b)

subject to paragraphs (5) and (6), by deduction from the person’s pensionable pay of periodical contributions of such percentage of that pay as are determined by the Scheme Actuary.

(5)

An authority may permit a part-time regular firefighter to purchase additional service by periodical contributions at a rate that bears to the percentage determined by the Scheme Actuary the same proportion as that firefighter’s pensionable pay bears to the pensionable pay of a full-time regular firefighter serving in the same role.

(6)

An authority may permit a retained or volunteer firefighter to purchase additional service by periodical contributions; and in such a case they must calculate the amount of the contributions by applying the rate determined by the Scheme Actuary to the firefighter’s reference pay.