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Paragraph 5 Election by a person in pensionable employment

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

An election shall be an election—

(a)

to be credited with an increased retirement pension of an amount specified in the election (but subject to paragraphs 7 and 18 to 22), or

(b)

to be credited with an increased retirement pension as mentioned in sub-paragraph (a) and with increased benefits for the person’s dependants.