Paragraph 5 I1
England, Wales and Scotland
Where the relevant event is the employee's ceasing to hold his employment and—
condition (a) or (b) in regulation E2(4) is satisfied, and
the last day of his employment is not less than 12 months after the date of receipt of his notice of election under regulation C6, and
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 (3) an amount calculated by the fund's actuary to represent the capital value of the additional contributions remaining to be paid, and shall in that event be treated as having completed payment in accordance with regulation C6(3).
An administering authority may accept a notice given under sub-paragraph (1)(c) notwithstanding that sub-paragraph (1)(b) is not satisfied.
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.
Annotations
Commencement
- I1
Sch. 8 para. 5 in force at 1.3.1986, see reg. A1