Regulation 37 Closure of deferred member’s account after gap in pensionable service not exceeding 5 yearsI1

United Kingdom

(1)

This regulation applies when a deferred member of this scheme in relation to a continuous period of pensionable service re-enters pensionable service under this scheme after a gap in pensionable service not exceeding 5 years.

(2)

The scheme manager must—

(a)

close the deferred member’s account in relation to that period of service and treat the deferred member’s account as if it were never established;

(b)

re-establish the active member’s account under Chapter 4 (active member’s account) in relation to that period of service; and

(c)

make entries in the active member’s account as if, during the gap in pensionable service, the member—

(i)

was in pensionable service under this scheme; but

(ii)

received no pensionable earnings.

Annotations

Commencement

I1: Reg. 37 in force at 1.4.2022, see reg. 1(4)