SCHEDULE 7SPension accounts

[F1PART 2ASActive member’s account for unqualified members

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

15B.(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.]