SCHEDULE 2Scheme flexibilities

PART 3Faster accrual election

CHAPTER 1Making the election

Accepting a faster accrual election24

The scheme manager may accept a faster accrual election by giving written notice to—

a

the member (P); and

b

P’s employer.

2

For the purpose of these Regulations, a faster accrual election is accepted when P receives notice from the scheme manager.