Regulation 5 Early retirement for Members

In paragraph (1) after the words “Where a person” there shall be inserted the words “who was a participant at any time before 4th November 2004 and”.

In sub-paragraph (1)(c) there shall be substituted for the words “age of fifty years” the words “minimum pension age”.

In sub-paragraph (1)(d) after the words “as a participating Member which” there shall be inserted the words “, excluding service on or after the cut-off date”.

In paragraph (1) after the words “abated in accordance with Schedule 4” there shall be inserted—

• “except that the part of the pension accrued in respect of service on and after the cut-off date shall be abated as if the participant had a qualifying period of 15 years”.

In paragraph (2) after the word “service” there shall be inserted the words “before the cut-off date”.

After paragraph (3) there shall be inserted—

“(4)

Where a person is a participant at anytime on or after 4th November 2004 and who—

(a)

has ceased to be a Member of the House of Commons;

(b)

is not the holder of a qualifying office;

(c)

has attained the minimum pension age; and

(d)

in the case of a person who was a participant at any time before 4th November 2004, does not meet condition (d) of paragraph (1) above,

• applies in writing to the Trustees for an immediate pension under this regulation then, if the Trustees are satisfied that he does not intend to stand for re-election to that House, he shall be entitled to receive a pension under regulation F1 as if he had attained the age of sixty-five years on the date of his application or, if later, such other date as may be there specified; but the annual amount of the pension to which he is so entitled, both before and after he attains the age of sixty-five years, shall (subject to Part G (Commutation)) be an amount calculated in accordance with regulation F2 and abated by the relevant percentage under Schedule 4 that would have applied if the participant had a qualifying period of 15 years.”