SCHEDULE 2AMENDMENTS OF THE ROYAL ULSTER CONSTABULARY (PURCHASE OF INCREASED BENEFITS) REGULATIONS 1988
16. After regulation 7 there is inserted—
“Variation of elections
7A.—(1) Where a person has made an election under regulation 3 to pay additional contributions by periodical payments before the date on which the Police Service of Northern Ireland Pensions (Amendment) Regulations 2006 come into operation and is in part-time service on that date, the payments payable by him shall, subject to paragraph (2), increase from that date to such amount as is appropriate as a result of paragraph 2(3) of the Schedule.
(2) Such a person may vary the election by notice in writing to the Board given within the period of 3 months beginning with that date, and that variation shall take effect as from that date.
(3) Where—
(a)a person has made an election under regulation 3 to make payment by periodical contributions whilst in full-time service, and
(b)his service becomes part-time after the date on which the Police Service of Northern Ireland Pensions (Amendment) Regulations 2006 come into operation,
the contributions payable for the number of additional sixtieths to which the election relates shall, subject to paragraph (4), be such amount as is appropriate as a result of paragraph 2(3) of the Schedule.
(4) Such a person may vary the election by notice in writing to the Board given within the period of 3 months beginning with the date on which the service becomes part-time, and that variation shall take effect as from that date.
(5) Where a person makes such an election on or after the date on which the Police Service of Northern Ireland Pensions (Amendment) Regulations 2006 come into operation and he is in part-time service on that date, he shall notify the Board in writing that either—
(a)the payments payable by him are to be payable at the same percentage of his pay as if he were in full-time service; or
(b)those payments are to be payable in accordance with paragraph (7).
(6) Where a person varies his election under this regulation, the contributions payable by him by periodical payments shall, from the date that the Police Service of Northern Ireland Pensions (Amendment) Regulations 2006 come into operation, continue to be payable as they were before the variation, but the benefits which he is entitled to reckon shall be given by the formula—
where—
P is the benefits he would be entitled to reckon if periods of part-time service were reckonable as if they were periods of full-time service,
V is the amount of contributions paid by periodical payments, and
F is the amount of contributions that would have been paid by periodical payment had there been no election.
(7) Where a person makes a notification under paragraph (5)(b), the payments payable by him as a lump sum or by periodical payments shall be payable at the same percentage of his pay as if he were in full-time service, but the benefits which he is entitled to reckon shall be given by the formula set out in paragraph (6), save that references to contributions paid by periodical payments shall include references to contributions paid as a lump sum.”.