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Regulation 4.3 Limits on the added years that may be purchased under the JAYS

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

(1)

The maximum number of years service which may accrue to a member is 20.

(2)

The maximum number of added years that a member may purchase is the difference between the number of years service determined in accordance with this regulation and 20.

(3)

The administrators shall require the provision of information relating to retained benefits and retained death benefits in accordance with regulations 2.3 and 2.4.

(4)

The administrators shall determine the number of years service by aggregating —

(a)

the length of prospective service to the assumed retirement age from the age of the scheme member (in years and days) at the date of his first appointment to qualifying judicial office; and

(b)

the service equivalent of

(i)

any benefit from a voluntary contributions scheme;

(ii)

any of the retained benefits mentioned in regulation 2.3;

(iii)

any transfer value from another scheme (except a transfer from another judicial pension scheme under the provisions of section 12 of the 1993 Act).