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1.—(1) Subject to paragraph 2, the maximum length of the period in respect of which an election may be made under regulation C3 or C8 is A−B, where—
A is the length of time specified in the second column of the Table below against the person’s adjusted age, and
B is the length of any additional period already purchased or in course of being purchased by him.
Adjusted age | Length of time |
---|---|
Under 50 | 30 years |
50 and under 51 | 23 years |
51 and under 52 | 16 years |
52 and under 53 | 9 years |
53 and under 54 | 2 years |
54 and over | Twice the difference in days between the adjusted age and 55 years |
(2) A person’s adjusted age—
(a)if he has continued in pensionable employment since the start of his first such employment and has not been credited with reckonable service on the receipt of a transfer value in respect of comparable British service, is his age at the start of his first pensionable employment, and
(b)in any other case, is C−D, where—
C is his age at the start of his most recent pensionable employment, and
D is the total of the time he had then spent in pensionable employment and the length of any reckonable service with which he has been credited on the receipt of a transfer value in respect of comparable British service.
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