Paragraph 6 Purchase of added years by lump sum
Subject to the provisions of sub-paragraph (2) of this paragraph, a participating Member may apply in writing to the Trustees to purchase added years by a lump sum payment.
The Trustees shall accept an application to purchase added years under this paragraph if all the following conditions in respect of that application are satisfied—
the participating Member has not reached the age of 65;
the participating Member applies to the Trustees within the period of twelve months immediately following the date when he commenced a period of service as a participating Member or within such longer period as the Trustees may in special circumstances and at their discretion allow;
the participating Member has not applied to the Trustees under the provisions of regulation J1 for an early pension because of ill-health;
the number of added years which the Member applies to purchase does not exceed the maximum permitted by paragraph 8 of this Schedule; and
the participating Member has supplied to the Trustees such information and evidence as they may require.
A participating Member who has applied to purchase added years under the provisions of paragraph 2(2) and to whom paragraph 5(2) applies may, in respect of any such application if—
in consequence of his ceasing to be a participating Member, there has been a reduction in the number of added years which he is able to purchase in full;
the conditions of paragraphs (iii), (iv) and (v) of sub-paragraph (2) of this paragraph are satisfied in respect of the application made under this sub-paragraph; and
the application under this sub-paragraph is made within three months of his ceasing to be a participating Member,
apply in writing to the Trustees to purchase by a lump sum payment some or all of the number of added years comprised in that reduction at the rate applicable at the participating Member’s birthday next following the receipt by the Trustees of the application.