Paragraph 43 Periodical payment periodI1
United Kingdom
The periodical payment period—
begins with—
if the member exercises the option within 3 months after joining this scheme, the beginning of the first appropriate pay period beginning on or after the date on which the scheme manager receives the option notice; or
in any other case, the beginning of the first appropriate pay period of the scheme year beginning on or after the date on which the scheme manager receives the option notice; and
ends on the earlier of—
the date on which the member ceases to be in pensionable service in the eligible employment to which the option relates; and
the date on which the member reaches the enhanced effective pension age.
Annotations
Commencement
- I1
Sch. 1 para. 43 in force at 15.8.2014, see reg. 1(2)