PART 7Retirement benefits

CHAPTER 2Full retirement benefits

Claim for early payment of full retirement pension otherwise than on grounds of permanent medical unfitness (deferred members)86

1

A deferred member of this scheme who claims early payment of a full retirement pension otherwise than on grounds of permanent medical unfitness must give at least one month’s notice of intent to claim payment of the pension.

2

The claim for payment of the pension may only be made by written notice to the scheme manager.

3

The notice—

a

must state if the member has opted to buy out the early payment reduction; and

b

must specify the date from which payment of the pension is claimed.

4

A full retirement pension calculated under regulation 89 (deferred members) is payable to the member in respect of each month as from the date specified in the notice.