Paragraph 47 Application for payment of benefits for pension credit members

A F1pension credit member (P) F2with pension credit rights in this scheme and the existing scheme, who has not reached normal pension age under the existing scheme when P applies for payment of a pension credit retirement pension under this scheme will receive payment F3under the existing scheme of any benefits payable to P in respect of pensionable service under the existing scheme.

If P applies for payment of a pension credit retirement pension after having reached normal pension age under the existing scheme, P may apply F4under this scheme for payment F5... of a pension credit retirement pension in respect of pensionable service under—