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Local Government Pension Scheme (Benefits, Membership and Contributions) Regulations (Northern Ireland) 2009
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- Northern Ireland Statutory Rules
- 2009 No. 32
- Regulation 15
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Elections to pay additional voluntary contributions (AVCs)
15.—(1) A member who has entered into an arrangement to pay additional voluntary contributions (“AVCs”) or to contribute to a shared cost AVC in addition to any contributions he may pay is entitled to additional benefits in accordance with one of the permissible ways specified in regulation 22(3) (use of accumulated value of AVCs and SCAVCs) of the Administration Regulations.
(2) Where a member chooses to take some or all of the benefits referred to in paragraph (1) in the form of a lump sum, that sum forms part of the total amount referred to in regulation 21(2) (election for lump sum in lieu of pension).
(3) In this regulation, “a shared cost AVC” means an arrangement established and maintained by an employing authority for the purpose of enabling contributions to be paid by and for active members.
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