Paragraph 24 Application for payment of phased retirement pensionI1

When a transition member (P) makes a phased retirement application under this scheme, P may also elect under regulation C4B of the 2005 Regulations^f1 to receive phased retirement benefits in respect of pensionable service under the existing scheme.

P may elect to receive phased retirement benefits under the existing scheme without making a phased retirement application under this scheme.

The phased retirement proportion specified in a phased retirement application under this scheme may be different from the fraction of reckonable service specified in an election under the existing scheme.