Regulation 11 Retirement benefitsI1

England and Wales

(1)

A member who became an active member of the Scheme by virtue of regulation 5(1) of these Regulations (membership of the 2014 Scheme) must, upon drawing a retirement pension under regulation 30 (retirement pension), 35 (early payment of retirement pension on ill-health grounds: active members) or 38 (early payment of retirement pension on ill-health grounds: deferred and deferred pensioner members) of the 2013 Regulations, draw any aggregated benefits accrued in the 1998 Scheme and 2008 Scheme at the same time as those benefits accrued under the 2014 Scheme are drawn.

(2)

A member who became an active member of the Scheme by virtue of regulation 5(1) of these Regulations (membership of the 2014 Scheme) must, if exercising the option in regulation 30(6) of the 2013 Regulations (flexible retirement), make a request to receive the benefits mentioned in paragraph (3) and such benefits may, with the member’s employer’s consent be paid to the member notwithstanding that the member has not retired.

(3)

The benefits referred to in paragraph (2) are—

(a)

all of the aggregated benefits from the 1998 Scheme;

(b)

all, part or none of the aggregated benefits accrued under the 2008 Scheme;

(c)

all, part or none of the aggregated benefits accrued under the 2014 Scheme; and

(d)

any additional benefits, in accordance with actuarial guidance issued by the Secretary of State.

(4)

For the purposes of paragraph (3) additional benefits are—

(a)

benefits from added years contracts entered into under regulation 55 of the 1997 Regulations (payments to increase total membership) or equivalent provisions in the other Earlier Schemes;

(b)

benefits under regulation 17(7) of the 2013 Regulations (additional voluntary contributions) or equivalent provisions in the Earlier Schemes;

(c)

additional pension purchased under regulation 16 of the 2013 Regulations (additional pension contributions) or regulation 23 of the Administration Regulations (payment of additional regular contributions) and regulation 14 of the Benefits Regulations (election in respect of additional pension);

(d)

additional pension awarded under regulation 31 of the 2013 Regulations (award of additional pension) or regulation 13 of the Benefits Regulations (power of employing authority to award additional pension).

Annotations

Commencement

I1: Reg. 11 in force at 1.4.2014, see reg. 1(3)