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SCHEDULE 2Scheme flexibilities

PART 2Additional pension election

CHAPTER 4Additional pension contributions by monthly payments

Retirement pension (other than ill-health pension) becomes payable before end of contributions payment period

17.—(1) This paragraph applies if any of the following retirement pensions becomes payable to P before the end of the contributions payment period—

(a)an age retirement pension;

(b)a phased retirement pension (if P has elected to receive additional pension with it);

(c)a premature retirement pension;

(d)an early retirement pension.

(2) If this paragraph applies—

(a)monthly payments for additional pension cease to be payable on the entitlement day for that pension; and

(b)the amount of accrued additional pension as at the relevant last day is an amount determined by the Department.