Regulation 48 Amendment of regulation Q3

Regulation Q3 (payment for additional service by single payment) is amended as follows.

For paragraph (1) substitute–

“(1)

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

Omit paragraph (2).

For paragraph (3) substitute–

“(3)

The amount of a single payment for additional service will be one half of the cost calculated in accordance with table 1 of Schedule 2.”.

Omit paragraph (7).