SCHEDULE 1Scottish Parliamentary Pension Scheme
Part DContributions
Procedure for changing scheme member contribution rate
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1
A participating member may, by giving notice to the Fund trustees, choose to make lower rate scheme member contributions instead of higher rate scheme member contributions (or vice versa).
2
Such a notice may be given only within 3 months of—
a
being elected (or re-elected) as an MSP, or
b
where the participating member is not an MSP, being appointed (or re-appointed) as the holder of a pensionable office.
3
The notified change has effect from the day of the election or appointment and—
a
the Fund trustees must pay the participating member an amount equal to any excess of scheme member contributions made in respect of that period, or (as the case may be)
b
the participating member must pay any shortfall in scheme member contributions made in respect of that period to the Fund trustees.
4
If a participating member fails to repay a shortfall, the Fund trustees may recover the shortfall by directing the person responsible for paying the participating member's salary to adjust subsequent scheme member contributions accordingly.