Regulation Q4 Paying for additional service by single paymentC1C2

A member who wishes to buy additional service for all or part of the member’s previous pensionable service in accordance with regulation Q1(9) by a single payment must elect to do so within 12 months of re-joining F2this Section of the scheme following the break in pensionable employment described in that regulation.

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The amount of a single payment for additional service will be one-half of the cost calculated in accordance with Table 1 of Schedule 1.

For the purposes of Table 1 of Schedule 1, “remuneration" means, subject to paragraph (5), the yearly average of a member’s pensionable pay (ignoring any reduction or cessation of earnings as a result of absence or otherwise) in respect of the 3 months’ pensionable employment immediately preceding the date on which the member elects to buy the additional service or unreduced retirement lump sum.

If the member has not been in pensionable employment for 3 months before electing to buy the additional service or unreduced retirement lump sum, “remunera–tion" means the yearly average of the member’s pensionable pay in respect of the first 3 months’ pensionable employment.

The member must make any single payment for additional service within 3 months after electing to do so or, if later, within 6 months after starting pensionable employment.

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