Paragraph 30 Determination of the buy-out valueI1

Scotland

(1)

The buy-out value is an amount determined by the scheme manager.

(2)

If an additional pension election or a faster accrual election is subsequently made in respect of a person (P), the scheme manager may—

(a)

re-determine the buy-out value; and

(b)

send a written notice to P stating the re-determined buy-out value.

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