PART 7Benefits for pension credit members
Claim for early paymentI192
1
This regulation applies in relation to a pension credit member (P) who—
a
has reached normal minimum pension age; and
b
has not reached normal pension age under this scheme.
2
P may claim early payment of a pension credit member’s pension by notice to the scheme manager in a form required by the scheme manager.
3
A claim for early payment—
a
must state whether P has opted to buy out the early payment reduction under regulation 94; and
b
must specify the date on which payment of the pension is claimed (“the claim date”).
4
P is entitled to the immediate payment for life of a pension credit member’s pension on the claim date if the scheme manager is satisfied that on that date the requirements of regulation 7(5) of the Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland) 200059 are met.