PART 4Pension accounts
CHAPTER 6Deferred member’s account
Account established after phased retirement pension ceases to be payable65
If a phased retirement pension ceases to be payable under regulation 94 and P does not re-enter pensionable service—
a
a deferred member’s account must be established; and
b
the scheme manager must increase the amount of accrued earned pension by the phased retirement proportion.