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37.—(1) When a deferred member re-enters pensionable service not later than 5 years after the date on which a period of earlier service ceased—
(a)the deferred member’s account must be closed and it must be treated as if it were never established;
(b)the active member’s account must be re-established; and
(c)entries must be made in the active member’s account as if, during the period in which the deferred member’s account was open, the member—
(i)was in pensionable service; but
(ii)received no pensionable earnings.
(2) When a deferred member re-enters pensionable service more than 5 years after the date on which a period of earlier service ceased—
(a)the deferred member’s account must remain open; and
(b)an active member’s account must be established from the first day for the new period of pensionable service.
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