Amendment of the Principal Regulations
20. In regulation 74 (employing authority’s further payment)—
(a)in paragraph (2), before “31(6)” insert “31(5) (retirement benefits, election for early payment of pension),”; and
(b)after paragraph (3) insert—
“(4) An employing authority shall pay any payments due to the Committee under this regulation within one month beginning with the relevant date or such longer period as the employing authority and Committee may agree.
(5) In this regulation, the relevant date where—
(a)paragraph (1) applies, is the date the member becomes entitled to benefits;
(b)paragraph (2) applies, is the date the employing authority or the Committee agree to waive the actuarial reduction or, as the case may be, the cost arising to the fund as a result of flexible retirement or redundancy etc.; or
(c)paragraph (3) applies, is the date the resolution is passed by the employing authority”.