SCHEDULE 2 N.I. Scheme flexibilities

PART 2 N.I. Additional pension election

CHAPTER 5 N.I. Revocation and refund

Member leaves all pensionable service before qualifying for retirement benefits N.I.

21.—(1) This paragraph applies if a member (P) leaves all pensionable service under this scheme before P is qualified for retirement benefits in respect of that service.

(2) On an application by P for a repayment of the balance of contributions—

(a) any monthly payments made before the last day of pensionable service must be refunded to P; and

(b) the additional pension account must be closed.