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Regulation 32 Closure of active member’s accountI1

United Kingdom

(1)

The scheme manager must close an active member’s account in relation to a period of service when the scheme manager establishes in relation to that period of service—

(a)

a deferred member’s account under regulation 34 (establishment of deferred member’s account); or

(b)

a full retirement account under regulation 38 (establishment of full retirement account).

(2)

The scheme manager must re-establish an active member’s account under this Chapter when the scheme manager closes a deferred member’s account under regulation 37 (closure of deferred member’s account after gap in pensionable service not exceeding 5 years).

Annotations

Commencement

I1

Reg. 32 in force at 1.4.2022, see reg. 1(4)