Paragraph 3 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

The amount to be paid by an employee who has under regulation C8 elected to make payment by instalments is the amount he would have been required to pay under Part I if he had on the same date elected to make payment by a lump sum, increased by 5% for each complete year, and pro rata for any fraction of a year, during which under paragraph 4 instalments are due to be paid.

Annotations

Commencement

I1: Sch. 5 para. 3 in force at 1.3.1986, see reg. A1