PART 2Amendments relating to service before 7th April 2000
Amendment of regulation 11355
In regulation 113—
a
in paragraph (1), for “active” substitute “unretired”
;
b
after paragraph (4) insert—
4A
If a retired member purchases a number of added years (“AY”) after making an election under regulation 11C, the member is entitled to a refund of the difference between—
a
the contribution payable for AY under regulation 107; and
b
the total contribution that would have been payable if, before making the election, the member had—
i
purchased enough added units of benefit under Part 14A for them to be converted into AY, or,
ii
if that number of added units of benefit would have exceeded the limit set out in regulation 128F, purchased the maximum number of added units of benefit that would have been available to the member under regulation 128F together with enough added years under regulation 107 to make up AY.