Paragraph 18 Revoking an additional pension election
(1)
P may revoke an additional pension election at any time before the end of the contributions payment period.
(2)
A revocation must be by written notice to the scheme manager.
(3)
A revocation has effect from the date it is received by the scheme manager (“date of revocation”).
(4)
P is taken to revoke an additional pension election if—
(a)
P leaves all pensionable service before the end of the contributions payment period; and
(b)
P is qualified or re-qualified for retirement benefits in respect of that service.
(5)
On the date of revocation—
(a)
monthly payments for additional pension under that election cease to be payable; and
(b)
the amount of accrued additional pension as at that date is an amount determined by the scheme manager.