PART 4N.I.Contributions

CHAPTER 4N.I.Allocation

Election to allocate pensionN.I.

50.—(1) A member (M) may elect to allocate a part of the annual amount of M's pension for the provision of a pension after M's death for not more than one individual who is—

(a)M's spouse or civil partner; or

(b)a dependant of M (within the meaning of paragraph 15(2) or (3) of Schedule 28 to the 2004 Act) M1.

(2) An election under this regulation may be made only—

(a)at the time M claims the pension under paragraph (4) of Schedule 3; and

(b)if M is not already entitled to payment of such a person.

(3) Paragraph (2)(b) does not apply in the case of a pension under regulation 83.

(4) A pension provided as a result of the election must be calculated in accordance with tables prepared by the scheme actuary.

Marginal Citations

M1Paragraph 15(3) of Schedule 28 has been amended by regulations 175 and 180(c) of S.I. 2005/3229