Regulation 8 Reckoning of additional benefits

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

reg. 8(1B) inserted by Police Pensions 2004 reg. 3(2)
reg. 8(2)(b) word inserted by Police Pensions 2004 reg. 3(3)
reg. 8(2)(c) inserted by Police Pensions 2004 reg. 3(4)
reg 8 am (E, W) by Police Pensions (Part-time Service) 2005 reg 3, Sch 2, para 3
reg 8 am (S) by Police Pensions (Part-time Service) Amendment 2005 reg 3, Sch 2, para 3
reg 8 am (S) (retrosp) (to 1.10.2004) by Police Pensions Amendment 2005 reg 3(1)–(4)

(1)

Where a regular policeman who has made an election under regulation 3 and paid a lump sum or commenced payment of periodical contributions in accordance with that election dies in service, retires on ill-health grounds, or retires on or after reaching his retirement date as at the time of his election, he shall be entitled to reckon all the additional benefits which he elected to purchase, save that where he had discontinued payment of periodical contributions on grounds of financial hardship under regulation 7 he shall be entitled to reckon a proportion of such benefits determined in accordance with the formula set out in sub-paragraph (a) of Part II of the Schedule.

(2)

Subject to paragraph (3), where a regular policeman who has made an election under regulation 3 and paid a lump sum or commenced payment of periodical contributions in accordance with that election ceases to be a member of a police force in circumstances other than those set out in paragraph (1) and with no entitlement to an award by way of

repayment of his aggregate pension contributions other than an award under paragraph 8 of Part I of Schedule J to the principal Regulations, he shall be entitled to reckon—

(a)

in the case of a lump sum payment, all the additional benefits which he elected to purchase; and

(b)

in the case of payment of periodical contributions, a proportion of such benefits determined in accordance with the formula referred to in sub-paragraph (b) of Part II of the Schedule.

(3)

Where a regular policeman retires with an ordinary pension before his retirement date as at the time of his election, the amount which he is entitled to reckon under sub-paragraph (a) or (b) of paragraph (2) shall be reduced by an amount determined by the appropriate actuarial valuation referred to in sub-paragraph (c) of Part II of the Schedule.