Regulation 21 When does an option in take effectI1
United Kingdom
If P opts into this scheme in relation to service in a scheme employment for which P has a partnership pension account—
P becomes an active member of this scheme in relation to that service on the first day of the first pay period—
after the period of two months beginning with the date on which the option is exercised; or
after any shorter period the scheme manager considers appropriate; and
immediately before that date, P’s partnership pension account is closed.
If P opts into this scheme in relation to service for which P does not have a partnership pension account, P becomes an active member of this scheme in relation to that service—
at the beginning of the first pay period beginning on or after the date on which the option is exercised; or
if the scheme manager considers that pay period inappropriate, at any other time the scheme manager considers appropriate.
Annotations
Textual amendments
- F1
Reg. 21(1)(a) substituted (with effect from 1.4.2018) by The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations 2018 (S.I. 2018/537), regs. 1(2)(a), 6