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Judicial Pensions and Retirement Act 1993
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- UK Public General Acts
- 1993 c. 8
- SCHEDULE 2
- Part II
- Time within which option...
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This is the original version (as it was originally enacted).
Time within which option must be exercised
8(1)A qualifying member may only exercise his option on or before the last option date.
(2)The last option date is—
(a)the date which falls one year before the date on which the qualifying member reaches normal pension age, or
(b)the end of the period of six months beginning with the date on which his qualifying service ends,
whichever is the later.
(3)A qualifying member loses the right to any cash equivalent under this Schedule if—
(a)his pension becomes payable before he reaches normal pension age; or
(b)he fails to exercise his option on or before the last option date.
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