SECTION 3: SERVICE
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Additional years reckonable for civil partner survival benefits
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| 3.40 |
Added Years purchased on or after 6 April 1988 will be reckonable for civil partner survivor benefits in the event of a member’s death. Where a member ceased membership of the Scheme before 5 December 2005 and made an election under Rule 6.11 (5)(i)(b) he may choose to repay that part of the refund of contributions in accordance with Rule 6.66. Where a member has exercised more than one option to purchase added years each option will be treated separately.
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Additional Voluntary Contributions Scheme
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| 3.41 |
The AVC Scheme (the rules of which are replicated in Section
7) means an additional voluntary contributions scheme established by the
Authority in conjunction with such other body ("the provider")
as the Authority from time to time determines. The Authority and the provider
will agree and promulgate the Rules of the AVC Scheme (including the contributions
and benefits payable). Subject to the discretion of the Authority and to
the statutory provisions governing participation in occupational pension
schemes, a member may apply to join the AVC Scheme. The total contributions
to the AVC scheme may not exceed that percentage of the members total emoluments
that are subject to tax under Schedule E (excluding such emoluments as the
Authority may determine from time to time) which, together with any contributions
made by the member to any other pension schemes providing benefits in respect
of service with the Employer, will bring the total of contributions to 15%
of those emoluments or, in the case of a member whom 2.13(2) applies, to
the smaller of 15% of those emoluments and 15% of the permitted maximum
as defined in Section 592 (8)(c) of the Income and Corporation Taxes Act
1988.
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Shift Pay Pensions Savings Plan
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| 3.42 |
The Shift Pay Pensions Savings Plan (the rules of which are
replicated in Section 8) means a Money Purchase scheme established by the
Authority in conjunction with such other body ("the Provider")
as the Authority from time to time determines. The Authority and provider
will agree and promulgate the Rules of the Shift Pay Pensions Savings Plan
(including the contributions and benefits payable). Except for members of
this Scheme who exercised an option granted by the Authority in 1991 (when
the Shift Pay Pensions Savings Plan was introduced), for appropriate emoluments
in respect of shift working to be considered as pensionable under Rule 2.13,
members of this Scheme who receive appropriate emoluments in respect of
shift working will be required to join the Shift Pay Pensions Savings Plan.
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