SCHEDULES

SCHEDULE 1Payments for added pension

PART 1Interpretation

Interpretation

1.  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.