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)