Paragraph 14 I1

England, Wales and Scotland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 5 para. 1 words substituted by Local Government Superannuation 1992 reg. 39(1)(a)
Sch. 5 para. 1 Table 2 inserted by Local Government Superannuation 1992 reg. 39(1)(b) Sch. Pt. 1
Sch. 5 para. 6 inserted by Local Government Superannuation 1992 reg. 39(2)(a)
Sch. 5 para. 6 Table 2 inserted by Local Government Superannuation 1992 reg. 39(2)(b) Sch. Pt. 2

(1)

Where the relevant event is the employee's ceasing to hold his employment and—

(a)

condition (a) or (b) in regulation E2(4) is satisfied, and

(b)

the last day of his employment is not less than 12 months after the date of receipt of his notice of election under regulation C8, and

(c)

he gives notice in writing for the purpose to the appropriate administering authority within the period of 3 months beginning on the day after the last day of his employment,

he may pay to the appropriate superannuation fund within the period specified in sub-paragraph (2) an amount calculated by the fund's actuary to represent the capital value of the instalments or additional contributions remaining to be paid, and shall in that event be treated as having completed payment in accordance with Part II or, as the case may be, Part III.

(2)

The period for making a payment under sub-paragraph (1) is the period of one month beginning on the date on which the person is notified by the appropriate administering authority of the amount calculated as mentioned in that sub-paragraph.

(3)

An administering authority may accept a notice given under sub-paragraph (1)(c) notwithstanding that sub-paragraph (1)(b) is not satisfied.

Annotations

Commencement

I1: Sch. 5 para. 14 in force at 1.3.1986, see reg. A1