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21. In Schedule 7 (purchase of increased benefits)—
(1) For Part I (payments) substitute—
“1.—(1) In the case of a man, the lump sum mentioned in article 62(1)(a) is , where—
A is the specified number of sixtieths of his average pensionable pay, and
B is the percentage of his total pensionable pay during the year ending with the date of the election (“the relevant period”) ascertained from the Table in paragraph 5 by reference to his age on his next birthday after that date and his role.
(2) For the purposes of sub-paragraph (1)—
(a)any reduction of pay during sick leave or stoppage by way of punishment shall be disregarded, and
(b)if he was in receipt of pensionable pay for part only of the relevant period, his total pensionable pay during the relevant period is his total pensionable pay for that part multiplied by the reciprocal of the fraction of the period which that part represents.
2. In the case of a woman, the lump sum mentioned in article 62(1)(a) is the amount determined by the Scheme Actuary to be appropriate to the additional benefits secured by the election.
3.—(1) In the case of a man, the amount for any period of the contributions mentioned in article 62(1)(b) is , where—
A is the specified number of sixtieths of his average pensionable pay, and
C is the percentage of his pensionable pay for the period ascertained from the Table in paragraph 5 by reference to his age on his next birthday after the date of the election and his role.
(2) For the purposes of sub-paragraph (1)—
(a)any reduction of pay during sick leave or stoppage by way of punishment shall be disregarded, and
(b)for any period for which he is for any reason disentitled to pensionable pay, his pensionable pay shall be taken to be what it would have been but for the disentitlement.
4. In the case of a woman, the rate of the contributions mentioned in article 62(1)(b) is the rate determined by the Scheme Actuary to be appropriate to the additional benefits secured by the election.
5. The following Table is that referred to in paragraphs 1 and 3.”.
(2) In paragraph 5 for the table heading substitute—
“Age next birthday | Station Commander or superior role | Roles below Station Commander | ||
---|---|---|---|---|
Percentage Lump Sum | Contributions | Percentage Lump Sum | Contributions” |
(3) In Part II (calculation of appropriate amount)—
(a)in paragraph 2 for “retirement date” substitute “normal pension age”;
(b)in paragraph 3—
(i)for “Government Actuary” substitute “Scheme Actuary”;
(ii)for “retirement date” substitute “normal pension age”.
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