32.—(1) A buy-out election made by a member (P) must state the number of years in respect of which the standard reduction is to be bought out.
(2) A buy-out election must be made by written notice to the scheme manager.
(3) The notice of election must specify—
(a)if P is in more than one eligible employment, the name of the employer who is to deduct the contributions;
(b)P’s name;
(c)P’s date of birth;
(d)P’s normal pension age;
(e)the date on which P entered pensionable service;
(f)P’s annual rate of pensionable earnings.
(4) The scheme manager may ask P to provide further information.