OpenLegislation

Paragraph 1

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

(1)

Subject to paragraph 3, where a person elects under regulation 3 to make payment by a lump sum, the amount of such lump sum shall be the product of—

(a)

his number of additional sixtieths, and

(b)

an amount equal to the percentage of the aggregate of his pensionable pay during the appropriate period which is specified opposite his age set out in column 2, 4 or 6 of the following Table (whichever applies in his case):Provided that for the purposes of this paragraph—

(i)

where the said aggregate amount is less than the amount it would have been had he not during the said period suffered a temporary reduction in rate of pay by way of punishment, it shall be increased by the difference between the two said amounts, and

(ii)

where he was entitled to pensionable pay for part only of the said period, the said aggregate amount shall be multiplied by the reciprocal of the fraction of the year for which he was entitled to pensionable pay.

(2)

In this paragraph—

  • “the appropriate period” means the period of a year ending with the relevant date;

  • “his age” in relation to any person means that person’s age on his birthday which falls within the year beginning with the relevant date, and

  • “the relevant date” means—

    1. (a)

      in the case mentioned in regulation 4(1), the date of his election, or

    2. (b)

      in the case mentioned in regulation 4(2), the date of his last day of service as a regular policeman.

Payment of periodical contributions