# The Judicial Pensions (Additional Voluntary Contributions) Regulations 1995, Regulation 4.6: Manner of making contributions into the JAYS


(1) The right to purchase added years must be exercised by notice in writing to the administrators while the member is still holding qualifying judicial office and may not be exercised if the member has reached the assumed retirement age.
(2) Before contracting to purchase added years the member must sign a declaration stating that he has no reason to believe that his health may prevent him from serving until the assumed retirement age.
(3) Contributions to the JAYS shall be made by way of periodical deductions from salary only and shall commence on a date agreed between the administrators and the member.
(4) The rate of contribution for each added year shall be calculated, to two decimal places, in accordance with the formula (A/B) × pension-capped salary where —
(i) A is the sum of the personal benefits and family benefits percentage figures which correspond to the length of time between the date agreed under regulation 4(6)(3) and the member’s assumed retirement age and which are set out in the table in Schedule 1 appropriate to the salary group of the member at the date of his first contribution;
(ii) B is the length of time referred to in sub-paragraph (i) in years and days (expressed in years and fractions of a year to four decimal places),
subject to the limit on total contributions allowed in any one year by regulation 4.9(1).
(5) For a part of a year the rate shall be that determined in paragraph (4) multiplied by the decimal fraction of a year (to four decimal places) which expresses the number of days being purchased, to a minimum of 0.01%.
(6) The making of periodical contributions at the relevant rate to the JAYS shall continue until the member —
(i) reaches the assumed retirement age; or
(ii) dies; or
(iii) leaves qualifying judicial office; or
(iv) notifies the administrators that he wishes the contributions to cease,
whichever occurs first.

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Source: https://www.legislation.gov.uk/uksi/1995/639/regulation/4.6 (the official version)
Page: https://openlegislation.uk/judicial-pensions-additional-voluntary-contributions-regulations-1995/regulation-4.6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.