Regulation 61 Partial retirement option noticeI1
United Kingdom
A partial retirement option may only be exercised—
by notice to the scheme manager in a form required by the scheme manager (“option notice”); and
in the 3 months after P’s pensionable earnings are reduced, on a date agreed by the member and the scheme manager.
An option notice must specify—
if P claims payment of part only—
the descriptions of accrued pension for which payment is claimed; and
the proportion of each description of accrued pension for which payment is claimed (“option proportion”), which must comply with regulation 62 F3, and
if P holds more than one office, the office or offices in respect of which P is exercising the partial retirement option.
Annotations
Textual amendments
- F1
Words in reg. 61(2)(a)(i) inserted (1.4.2022) by The Judicial Pensions Regulations 2022 (S.I. 2022/319), reg. 1(4), Sch. 3 para. 4(9)(a) (with reg. 120)
- F2
Words in reg. 61(2)(a)(ii) inserted (1.4.2022) by The Judicial Pensions Regulations 2022 (S.I. 2022/319), reg. 1(4), Sch. 3 para. 4(9)(b) (with reg. 120)
- F3
Reg. 61(2)(d) and word inserted (1.4.2022) by The Judicial Pensions Regulations 2022 (S.I. 2022/319), reg. 1(4), Sch. 3 para. 4(9)(c) (with reg. 120)
Modifications
- C1
Reg. 61(1)(b) modified (5.7.2023) by The Judicial Pensions (Remediable Service etc.) Regulations 2023 (S.I. 2023/766), regs. 1(b), 10(5)(6)