Regulation 12 Breaks in pensionable service

(1)

This regulation applies in the case of a member whose pensionable service is broken. For this purpose, a member’s pensionable service is broken if, after it terminates, the member returns to pensionable service under the same scheme.

(2)

F1Chapter II of Part IV of the Act is modified so that it does not apply if, when the member returns to pensionable service under the scheme—

(a)

the member exercises an option to surrender the benefits that had accrued before the break to acquire entitlement to further benefits under the same scheme, or

(b)

the scheme provides that the member’s pensionable service before and after the break is to be treated as continuous for the purpose of qualifying the member for long service benefit under the scheme.

Annotations

Textual amendments

F1: Words in reg. 12(2) substituted (12.5.1994) by The Occupational and Personal Pension Schemes (Consequential Amendments) Regulations 1994 (S.I. 1994/1062), reg. 1(2), Sch. 2 para. 31(12)