# The Parliamentary Pensions (Consolidation and Amendment) Regulations 1993, Paragraph 7: Lump sum payments


(1) Any participating Member who has applied to the Trustees to purchase added years by a lump sum payment shall, within the period of six months commencing on the date when his application, is accepted by the Trustees, make the lump sum payment which shall be calculated by reference to a Member’s ordinary salary at the time when his application was received by the Trustees and in accordance with tables to be prepared from time to time by the Government Actuary and the amount of his reckonable service as a participating Member shall be increased accordingly with effect from the date that the lump sum payment is received by the Trustees.
(2) If, after an application to purchase added years by lump sum payment has been made by a participating Member and accepted by the Trustees, the payment is not received by the Trustees within the period of six months commencing on the date when his application is accepted by the Trustees, the application to purchase shall cease to be valid.

---
Source: https://www.legislation.gov.uk/uksi/1993/3253/schedule/6/paragraph/7 (the official version)
Page: https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993/schedule-6/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.