Regulation C5 Lump sum payment to increase reckonable serviceI1
England, Wales and Scotland
Subject to paragraph (3), a pensionable employee may, by notice in writing given to the appropriate administering authority within 12 months after having first become a pensionable employee under these regulations or the 1974 regulations, elect to make a payment into the appropriate superannuation fund in order to become entitled under regulation D4 to reckon an additional period as reckonable service in relation to an employment in which he is a pensionable employee.
The length of the period is not to exceed the maximum calculated in accordance with Schedule 3, the amount of the payment is to be calculated in accordance with Part I of Schedule 4, and the payment is to be made within 1 month after the date on which notice was given.
An employee may not make an election under this regulation if he has attained the age of 65 years.