SCHEDULE 2Scheme flexibilities

PART 2Additional pension election

CHAPTER 3Additional pension contributions paid by lump sum

Refund of lump sum contribution13

1

This paragraph applies if a member (P) has paid a lump sum contribution for additional pension.

2

The lump sum contribution must be refunded if, before the end of the refund period—

a

P dies;

b

an ill-health pension becomes payable to P; or

c

P leaves all pensionable service and P is neither qualified nor re-qualified for retirement benefits in respect of that service.