Regulation 128N Refund of contributions: family benefitsF1

If an unretired member of FPJABS who has bought units of added benefit is not married or in a civil partnership and has no qualifying children, at the time they retire, die, or otherwise cease to be a member of the principal scheme, they or their estate is entitled to a refund in accordance with this regulation.

The amount to be refunded to a member of the FPJABS is calculated by applying the percentage figure determined in accordance with the formula below to the member’s annual fee income for each year for any offices in relation to which benefits are calculated under the pre-1995 provisions, during the period from the date they ceased to have a spouse or civil partner, or eligible child, until the date of retirement—

where—

• A is the family benefits percentage figure set out in F2Schedule 4 which corresponds to the length of time between the assumed contribution commencement date and the assumed retirement date

• B is the length of time referred to in the definition of A, in years and fractions of a year.

Where a refund is payable under this regulation it must be paid together with interest.