Introductory Text
1.Title and commencement
2.Interpretation
3.Making and acceptance of elections
4.Election to pay regular contributions and payment of lump sum contributions
5.Elections in respect of death benefit cover
6.Variation and cancellation of elections
7.Basic and death benefit contributors
8.Payment and amount of contributions
9.Investment of contributions
10.Inward transfers
11.Retirement and dependant’s pensions
12.Lump sum death benefit
13.Benefit limits
14.Repayment in certain cases
15.Payment by Secretary of State
16.Information
17.Determination of questions
18.Retrospective effect
SCHEDULE 1
PENSION PROVIDERS
SCHEDULE 2
BENEFIT LIMITS
PART I interpretation
1.Paragraphs 2 to 5 have effect for defining expressions used...
2.“Total retirement benefits” means the total of so much of–...
3.(1) “Final remuneration” means the greater of A and B,...
4.(1) “Retained benefits” means the total of any pensions payable...
5.“Relevant employment” comprises employment falling within Schedule 2 to the...
PART II retirement pensions
6.The annual rate of a participator’s retirement pension under these...
7.(1) If the participator retires on his 60th birthday, the...
8.If the participator retires on a date later than his...
9.(1) If the participator retires after having, before his 60th...
PART III dependant’s pensions
10.(1) The annual rate of a dependant’s pension under these...
PART IV lump sums on death
11.(1) The lump sum secured by any death benefit contributions...
Explanatory Note
