Paragraph 25 Exercising the effective pension age optionI1

United Kingdom

(1)

A member may exercise an effective pension age option by notice to the scheme manager in a form required by the scheme manager.

(2)

The option notice must state the effective pension age which is to apply under the option.

(3)

A member may exercise an effective pension age option more than once.

(4)

A member may not exercise an effective pension age option during—

(a)

a period of assumed pay; or

(b)

any scheme year in which the member has reached the overall limit of extra pension for that year.

Annotations