SCHEDULES

SCHEDULE 1Payments for added pension

PART 1Interpretation

Interpretation1

In this Schedule—

  • “amount of extra pension” means the amount of accrued added pension at any time;

  • “appropriate pay period” means the pay period that the scheme manager considers appropriate;

  • “notice of election” has the meaning given in paragraph 5;

  • “overall limit of extra pension” has the meaning given in paragraph 2;

  • “periodical payment period” means the period for which periodical payments for added pension payments are payable;

  • “period of service” in relation to this scheme, means a continuous period of pensionable service under this scheme;

  • “the relevant day” means the day on which the lump sum is received by the scheme manager;

  • “the relevant scheme year” means the scheme year in which the relevant day falls.