Amendments to regulation 15 (Repayment of investments in certain cases)
This section has no associated Explanatory Memorandum
14. For regulation 15(1) substitute—
“(1) The Department shall make arrangements for a person to receive a lump sum representing the total realisable value of the investments made by the Department in respect of that person under regulation 9(1) or 10(2) where the person—
(a)before 1st October 2015, ceases to be in pensionable service and has applied for and received a repayment of contributions under regulation C9 of the 1998 Regulations or regulation 189 of the 2014 Regulations;
(b)on and from 1st October 2015 onwards, ceases to be in pensionable service and has a period of qualifying service which is less than 30 days.”.