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The Local Government Pension Scheme (Benefits, Membership and Contributions) (Scotland) Regulations 2008
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- Scottish Statutory Instruments
- 2008 No. 230
- Regulation 14
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Election in respect of additional pension
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14.—(1) An active member may choose to pay additional contributions in order to be credited with additional pension, in respect of the member alone or in respect of the member and any survivor, of £250 a year or multiples thereof to a maximum of £5000.
(2) If the member chooses to take the additional pension referred to in paragraph (1) earlier or later than the member’s normal retirement age, it is reduced or, as the case may be, increased.
(3) The amount of the additional contributions to be paid under paragraph (1), and the reduction or increase referred to in paragraph (2), is calculated in accordance with guidance issued by the scheme actuary.
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