Regulation 43 Meaning of “deferred member”

(1)

A person (P) becomes a deferred member of this scheme in relation to a continuous period of pensionable service under this scheme ( “ period of service ”) if paragraph (2) or (4) applies.

(2)

This paragraph applies if—

(a)

P ceases to be an active member of this scheme in relation to the period of service before reaching P's state pension age;

(b)

on ceasing to be an active member, P does not become a pensioner member of this scheme in relation to the period of service; and

(c)

P has at least 2 years' qualifying service or a transfer payment otherwise than from another occupational pension scheme has been received by this scheme in relation to P.

(3)

For the purpose of this regulation, a person on a period of unpaid leave during which the employment relationship continues M1 ceases to be an active member if the period of leave exceeds 5 years.

(4)

A person becomes a deferred member of this scheme in relation to an amount of accrued added pension if—

(a)

the circumstances in regulation 105(1) (deferment of added pension attributable to recent payments) apply; or

(b)

the person exercises the option under regulation 123 (option to defer payment of retirement added pension).

Annotations

Marginal citations

M1: See regulation 22 for periods of unpaid leave during which the employment relationship continues.