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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 30
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Choice of early payment of pension
30.—(1) If a member leaves a local government employment or otherwise ceases to be a member before he is entitled to the immediate payment of retirement benefits (apart from this regulation), once he has attained the age of 55 he may choose to receive payment of them immediately.
(2) A choice made by a member aged less than 60 is ineffective without the consent of his employing authority or former employing authority.
(3) If the member so chooses, he is entitled to a pension payable immediately calculated in accordance with regulation 29 (calculation on leaving early).
(4) His pension must be reduced by the amounts shown as appropriate in guidance issued by the Government Actuary.
(5) A member’s employing authority or former employing authority may determine on compassionate grounds that his retirement pension should not be reduced under paragraph (4).
(6) In the case of a person who is an active member on 31st March 2009, and who makes an election before 1st April 2010, paragraph (1) applies as if “the age of 50” were substituted for “the age of 55”.
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