Paragraph 7
Subject to sub-paragraphs (2) and (3), a member or non-member who–
is not in pensionable employment and has become entitled to payment of retirement benefits; and
would otherwise have been able to make an election under paragraph 2 or 3,
may make a corresponding election under this paragraph.
An election under this paragraph–
must be made by giving written notice to the Scottish Ministers within 6 months after the date on which the man became entitled to payment of retirement benefits;
must specify the period in respect of which it is made; and
is irrevocable.
The family benefit contributions payable as a result of an election under this paragraph consist of a lump sum of–
where–
-
A is the annual rate at which his salary was last payable;
-
B is the length, expressed in years and any fraction of a year, of the period in respect of which the election was made; and
-
C is the factor ascertained from Table 4 below,
-
but where the election made corresponds to one that could have been made under paragraph 2(1), B is reduced by 1/16th.
TABLE 4
| Age on date of election | Factor |
|---|---|
| 32 or under | 3.15 |
| 33–37 | 3.20 |
| 38–42 | 3.30 |
| 43–47 | 3.35 |
| 48 and over | 3.40 |