Regulation 8 Election to make periodical payments

(1)

Subject to the following provisions of this regulation, an office-holder may elect to make periodical payments.

(2)

Without prejudice to regulation 9 or 11(6), periodical payments may only be made at the standard rate, that is to say–

(a)

in the case of a 15-year office, 4 per cent.; and

(b)

in the case of a 20-year office, 3 per cent.

of the office-holder’s salary for the time being.

(3)

An office-holder who elects to make periodical payments must do so by notice in writing to the responsible authority not later than six months after his first appointment to his office–

Provided that an office-holder who marries (or re-marries) while in office and who is not then making periodical payments may elect to do so by giving notice in writing to the responsible authority not later than six months after his marriage or remarriage, as the case may be.

(4)

An election made under this regulation shall be irrevocable, save that an office-holder who ceases to be married after having made such an election may revoke his election by notice in writing to the responsible authority not later than six months after his so ceasing.

(5)

Nothing in this regulation shall be construed as preventing an office-holder who is not married from electing to make periodical payments.

(6)

For the purposes of paragraph (3) above the appointment of an office-holder to another office (for example, the appointment to the circuit bench of a stipendiary magistrate or to the Court of Appeal of a puisne judge of the High Court) shall be treated as a first appointment.