Regulation 51C Additional payment of refundF1
(1)
Paragraph (2) applies where the interim contributions refund in relation to P is less than the excess contributions payment plus compound interest at the rate announced annually in relation to the Principal Civil Service Pension Scheme.
(2)
The administrators must apply the difference between the two amounts mentioned in paragraph (1) as follows—
(a)
to discharge any liability P has under regulation 53(1) (liability to pay pre-commencement contributions);
(b)
to discharge any liability P has under regulation 53A(1) (liability to pay initial pre-commencement contributions); and
(c)
to pay any sum remaining thereafter to P.
Annotations
Textual amendments
- F1
Pt. 7A inserted (1.4.2023) by The Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2023 (S.I. 2023/403), regs. 1(1), 31