Paragraph 24
(1)
The holder of a pensionable office may opt out of participating in the scheme as an office-holder member only by giving notice to the Fund trustees.
(2)
Where the holder of a pensionable office opts out within 3 months of being appointed to that office—
(a)
the office-holder is to be treated as having not been an office-holder member since being appointed, and
(b)
any scheme member contributions made in respect of office-holder's salary since being appointed are to be repaid to the office-holder.
(3)
In any other case, a holder of a pensionable office who opts out stops being an office-holder member on whatever date the Fund trustees decide is the earliest practicable date after they receive the opt-out notice.