# The Parliamentary Pensions (Additional Voluntary Contributions Scheme) (Amendment) Regulations 2004, Regulation 3: Benefits which may be provided


In regulation 7 of the AVC Regulations—
(a) there shall be substituted for paragraph (2)(e)—
“(e) a pension payable to the contributor throughout the remainder of his or her lifetime, under which—
(i) payments may be guaranteed to be payable for up to 10 years after the pension commences; or
(ii) payments may be guaranteed to be payable for up to 5 years after the pension commences with any balance in respect of any period between death and the expiry of the period of 5 years being paid in one lump sum on death.”; and
(b) there shall be substituted for paragraph (4)—
“(4) In the case of benefits payable at or after a contributor’s retirement, the choice of which of the above types of benefit shall be payable shall be made by the contributor and the benefits must come into payment on any date which is—
(a) not later than whichever is the later of—
(i) the date of the contributor’s 75th birthday, and
(ii) the date on which the contributor’s pension under the principal scheme commences; and
(b) not earlier than the date on which the contributor’s pension under the principal scheme commences.”

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Source: https://www.legislation.gov.uk/uksi/2004/2417/regulation/3 (the official version)
Page: https://openlegislation.uk/parliamentary-pensions-additional-voluntary-contributions-scheme-amendment-regulations-2004/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.