Regulation 6 Amendment of Schedule 1 (payments for extra pension)

In paragraph 7 (added pension option exercisable by member) of Schedule 1, for sub-paragraph (6) substitute—

“(6)

An option to make a lump sum payment for added pension may only be exercised if the member—

(a)

either—

(i)

has been an active member of this scheme in relation to a continuous period of pensionable service for at least 12 months; or

(ii)

is a transition member within the meaning of paragraph 1 of Schedule 2; and

(b)

has been provided with a statement of the amount of added pension (if paragraph 18 applies).”.