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Paragraph 1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In this Schedule, unless the context otherwise requires—

  • “payment for the purchase of added years” means such a payment whether payable periodically or by way of a single lump sum;

  • “periodical contributions” means the sums payable by a participating Member whose application to purchase added years other than by a single payment has been accepted by the Trustees.

  • “relevant terminal salary” has the same meaning as “the relevant terminal salary” in regulation F2(2);