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Regulation 60 Closure and re-establishment of active member's account

(1)

The scheme manager must close an active member's account in relation to a continuous period of pensionable service under this scheme when the scheme manager establishes in relation to that period of service—

(a)

a deferred member's account under Chapter 5; or

(b)

a retirement account under Chapter 6; or

(2)

If a deferred member or pensioner member re-enters pensionable service under this scheme, the scheme manager must re-establish an active member's account under this Chapter when the scheme manager closes—

(a)

the member's deferred member's account under Chapter 5; or

(b)

the member's retirement account under Chapter 6.