PART 4 N.I. Pension accounts

CHAPTER 6 N.I. Deferred member's account

Deferred member's account established after phased retirement pension ceases to be payable N.I.

68.  If a phased retirement pension ceases to be payable to a person (P) under regulation 97 and P does not re-enter pensionable service—

(a) a deferred member's account must be established; and

(b) the Department must increase the amount of accrued earned pension by the phased retirement proportion.