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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 15
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Elections to pay AVCs
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15.—(1) A member who has entered into an agreement to pay additional voluntary contributions (“AVCs”) or to contribute to a shared cost AVC in addition to any other contributions the member may pay under these Regulations is entitled to additional benefits in accordance with one of the permissible ways specified in regulation 23(3) of the Administration Regulations (use of accumulated value of AVCs and SCAVCs).
(2) Where a member chooses to take some or all of the benefits referred to in paragraph (1) in the form of a lump sum, that sum forms part of the total amount referred to in regulation 21(2) (election for lump sum in lieu of pension).
(3) In this regulation, a “shared cost AVC” means an arrangement established and maintained by an employing authority for the purpose of enabling contributions to be paid by and for active members.
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