Regulation 5 Scheme of Regulations
While an office holder is a member of the Part I scheme he shall make periodical contributions in accordance with regulation 6.
Where an office holder transfers into the Part I scheme from another judicial pension scheme (“a transferring member”) he shall be given a credit in respect of contributions he has made whilst a member of that, and any previous, judicial pension scheme. This is called a contributions credit and is expressed as a period of time and calculated in accordance with regulations 9 and 10.
Where this period of time is less than the notional service of a transferring member, he may make additional contributions in accordance with regulation 11.
Where a transferring member ceases to hold qualifying judicial office there shall be calculated—
the period for which he was liable to make contributions (“the contributions liability period”) in accordance with regulation 12; and
the period for which he has made or is deemed to have made contributions (“the contributions payment period”) in accordance with regulation 13(2).
The contributions liability period shall then be compared, in accordance with regulation 13, with the contributions payment period and—
if the contributions liability period is the lesser period, or there is no contributions liability period, then a refund of contributions shall be made in accordance with regulation 13; and
if the contributions liability period is the greater period, the deficit of contributions shall be deducted from the lump sum payable to or in respect of the transferring member, in accordance with regulation 14, on his ceasing to hold qualifying judicial office.
Regulation 15 deals with circumstances in which contributions will be refunded to members who are not transferring members, and regulation 16 makes provision for a former holder of the office of Lord Chancellor.