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The Police Pensions Regulations 2006
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- UK Statutory Instruments
- 2006 No. 3415
- PART 5
- Regulation 58
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Lump sum payments
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58.—(1) A regular police officer to whom regulation 56(1) applies may, within twelve months of the date when he last began to serve as such, elect under that regulation to make payment by a lump sum of such amount calculated by the police authority, in accordance with tables prepared by the Scheme actuary, as is necessary to purchase the added years specified in the notice of election.
(2) A lump sum payment under this regulation shall be made within three months of the date on which the notice of election is given and, if it is not so made, the election shall be deemed for the purposes of these Regulations never to have been made.
(3) A sum held in another pension scheme may not be used to purchase added years under this regulation.
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