Regulation 23 Opting out of this schemeI1
United Kingdom
A person (P) opts out of this scheme in relation to service in a scheme employment if—
P opts not to be an active member of this scheme in relation to that service; or
P F1opts to join a partnership pension account in relation to that service.
P may only exercise the option under paragraph (1)(a) F2or (b) by notice to the scheme manager in a form required by the scheme manager (“opt-out notice”).
The option is taken to be exercised on the date on which the opt-out notice is received by the scheme manager.
If P is subject to a transfer in relation to that service as a result of which P would be eligible to be (or continue to be eligible to be) a member of the scheme as a Fair Deal eligible person, the option ceases to have effect on the Fair Deal transfer date.
Annotations
Textual amendments
- F1
Words in reg. 23(1)(b) 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), 7(a)
- F2
Words in reg. 23(2) inserted (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), 7(b)