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61.—(1) A partial retirement option may only be exercised—
(a)by notice to the scheme manager in a form required by the scheme manager (“option notice”); and
(b)in the 3 months after P's pensionable earnings are reduced, on a date agreed by the member and the scheme manager.
(2) An option notice must specify—
(a)whether P claims payment of—
(i)the whole of P's accrued pensions [F1to which the office relates] ; or
(ii)part only of P's accrued pensions [F2to which the office relates] ; and
(b)if P claims payment of part only—
(i)the descriptions of accrued pension for which payment is claimed; and
(ii)the proportion of each description of accrued pension for which payment is claimed (“option proportion”), which must comply with regulation 62[F3, and
(c)if P holds more than one office, the office or offices in respect of which P is exercising the partial retirement option.]
Textual Amendments
F1Words in reg. 61(2)(a)(i) inserted (1.4.2022) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2022 (S.R. 2022/73), regs. 1(2), 3(8)(a)
F2Words in reg. 61(2)(a)(ii) inserted (1.4.2022) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2022 (S.R. 2022/73), regs. 1(2), 3(8)(b)
F3Reg. 61(2)(c) and word inserted (1.4.2022) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2022 (S.R. 2022/73), regs. 1(2), 3(8)(c)