Regulation 42 Effect of refund
(1)
If a repayment of contributions is made pursuant to regulation 40, the rights of the member (M) under this scheme are extinguished unless—
(a)
M or M's spouse or civil partner is entitled to a guaranteed minimum pension under the scheme; and
(b)
no contributions equivalent premium has been paid.
(2)
Paragraph (1) does not apply if—
(a)
M again becomes a member of this scheme; and
(b)
before the end of the period of 6 months starting on the date M again becomes a member, M repays to the scheme manager the contributions together with any interest paid in respect of them.