SCHEDULE 5 PURCHASE OF ADDED YEARS
1 In this Schedule, unless the context otherwise requires–
“payment for the purchase of added years” means such a payment whether payable periodically or by way of a single lump sum;
“periodical contributions” means the sums payable by a participating member whose application to purchase added years other than by a single payment has been accepted by the Parliamentary corporation;
“final salary” means a member’s final salary as defined in article F3(2);
“single mandate member” means a participating member who is not in receipt of a salary payable pursuant to a resolution (or combination of resolutions) of either House of Parliament relating to the remuneration of members of that House or under section 1 of the European Parliament (Pay and Pensions) Act 1979.
1979 c. 50.