SCHEDULES

SCHEDULE 1Payments for added pension

PART 2

CHAPTER 2Periodical payments for added pension

Member's election to make periodical payments for added pension7

1

The notice of election must specify—

a

the periodical payment period; and

b

the amount of the periodical payment to be deducted by the member's employer from the member's pensionable pay in each pay period.

2

The amount of the periodical payment may be expressed as—

a

a percentage of the member's pensionable pay; or

b

a fixed sum.

3

The amount of the periodical payment must not be less than any minimum amount determined by the scheme manager.