Regulation 68 Deferred member's account established after phased retirement pension ceases to be payable
If a phased retirement pension ceases to be payable to a person (P) under regulation 97 and P does not re-enter pensionable service—
(a)
a deferred member's account must be established; and
(b)
the scheme manager must increase the amount of accrued earned pension by the phased retirement proportion.