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Regulation C11 Amounts of payments under regulation C9

Original text. Later amendments are not shown.

(1)

The amount to be paid by way of additional periodical payments by a member who has made an election under regulation C9(1) in respect of an additional period is the appropriate percentage of his remuneration for the time being, multiplied by the length of that period.

(2)

For the purposes of paragraph (1)—

(a)

“the appropriate percentage”, in relation to a member, is the percentage in the relevant Table in Part I of Schedule C3 appropriate to his age on his next birthday after the date of the election and to his normal retirement age; and

(b)

the lengths of periods are to be expressed in complete years and any fraction of a year.