PART 4 N.I. Pension accounts

CHAPTER 4 N.I. Active member's account

Phased retirement pension ceases to be payable N.I.

56.  If a phased retirement pension ceases to be payable under regulation 97 and P re-enters pensionable service—

(a) the pensioner member's account must be closed; and

(b) the active member's account must be adjusted by increasing the amount of accrued earned pension by the phased retirement proportion.