Paragraph 4 Purchase of added years by periodical contributions

Where an application by a participating Member to purchase added years by periodical contributions is accepted by the Trustees—

(1)

those periodical contributions shall, subject to the provisions of paragraph 5 of this Schedule, be payable—

(a)

in the case of an application under paragraph 2(1) of this Schedule, from the date of the participating Member’s birthday next following the receipt by the Trustees of his application and until the participating Member attains the age of 65 years; and

(b)

in the case of an application under paragraph 2(2) of this Schedule, for whichever of the periods of four or five years the participating Member has chosen for the payment of periodical contributions beginning on such date not later than two months from the date of acceptance of the application as the Trustees shall specify by notice in writing to the participating Member;

(2)

periodical contributions by a participating Member shall be payable by deductions from his salary or, in the case of arrears, in such manner as the Trustees shall require; and

(3)

the periodical contributions payable by a participating Member for the added years shall be calculated in accordance with tables prepared from time to time by the Government Actuary.