SCHEDULE 2Scheme flexibilities

PART 4Election to buy out the standard reduction

CHAPTER 3Revocation and refund

Member leaves all pensionable service before qualifying for retirement benefits

37.

(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, any monthly payments made before the last day of pensionable service must be refunded to P.