Regulation 66 Establishment of shared cost AVC schemes (SCAVCs)I1

An employing authority may resolve to establish and maintain arrangements under this Chapter for the purpose of enabling contributions (“SCAVCs”) to be paid by and for active members under this regulation, in addition to the others which may be paid under this Part.

The resolution must specify whether all active members in employment under the Scheme with the employing authority are eligible to take part in the arrangements and, if not, the conditions for eligibility.

It must also specify whether SCAVCs may be used to provide benefits payable on the death of active members (“death benefits”).

If they may, it must specify whether the whole or a proportion is to be so used, and, if a proportion, specify it.

It must also specify the amount of the contributions which the authority will pay under the arrangements for members who are themselves paying contributions under them.