Regulation 24 The Local Government Pension Scheme (Transitional Provisions) Regulations 1997
The Local Government Pension Scheme (Transitional Provisions) Regulations 1997f1 are amended as follows–
in regulation 22(3), insert before sub-paragraph (a) as a new sub-paragraph–
“(aa)after paragraph (1) add the following as a new paragraph–
“(1A)If a member leaves a local government employment (or is treated for these Regulations as if he had done so) on or after age 50 he may elect to receive payment of his retirement benefits immediately.”;”and
In Schedule 2–
in paragraph 1, before the definition of “active pensioner” insert–
““active deferred member” means any person who was a deferred member and an active member immediately before the commencement date and continues as an active member on that date by virtue of regulation 3.”;
in paragraph 4(1), at the beginning insert “An active deferred member,”;
in paragraph 5(1), for “a rejoining pensioner or” substitute “a rejoining pensioner, an active deferred member or a”;
in paragraph 8(1), after “a rejoining pensioner” insert “, an active deferred member”; and
in paragraph 8(2), after “ceases to apply to” insert “an active deferred member or”.