SCHEDULE 7Pension accounts

F1PART 2AActive member’s account for unqualified members

Annotations:
Amendments (Textual)

Active member’s account for unqualified member re-established after break not exceeding 5 years15B

1

This paragraph applies if—–

a

an unqualified member re-enters pensionable service under this scheme after a break in service not exceeding 5 years; and

b

the rights of that member in respect of the service before the break have not been extinguished pursuant to regulation 41 (effect of refund) or regulation 139 (effect of transfer-out).

2

When the unqualified member re-enters pensionable service under this scheme the active member’s account must be re-established.

3

The active member’s account—

a

must specify the amount of accrued earned pension as at the beginning of the break in service; and

b

must be adjusted as if the member had continued as an active member during the break in service but had received no pensionable earnings.