Paragraph 8 Periodical paymentsI1

England and Wales

(1)

The periodical payments may be payable by deduction by the member’s employer from the member’s pensionable pay during the periodical payment period.

(2)

The periodical payment period—

(a)

begins with the first appropriate pay period beginning on or after the date on which the scheme manager receives the notice of election; and

(b)

ends on the earliest of the date—

(i)

of the beginning of the next appropriate pay period if the member gives the notice of discontinuance under paragraph 9,

(ii)

of the beginning of the next pay period after the date specified in a notice of cancellation given by the scheme manager under paragraph 4(2),

(iii)

on which the member ceases to be an active member, and

(iv)

specified in the notice of election.

(3)

If the member does not want to pay the periodical payments by deduction from pensionable pay, the scheme manager may agree another method of payment.

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