Any person who has been accepted for membership of a qualifying scheme may make a cessation election.

No cessation election for a deferred lump sum shall be accepted after the later of—

• (a) 6 months after the contributor first becomes entitled to become a member of any qualifying scheme; or

• (b) 1 April 1996.

(1) Every cessation election—

• (a) shall be in writing delivered to the Government Superannuation Fund Authority; and

• (b) must be signed by the person making the election; and

• (c) may be converted into an election for a refund at any time before any payment has been made from the fund pursuant to the election.

(2) On the effective date of a cessation election the contributor shall cease to be a contributor to the fund.

(3) No person who has ceased to be a contributor to the fund by virtue of a cessation election shall be entitled to contribute again to the fund.

(4) No person who has made a cessation election shall become entitled to a deferred pension or a deferred lump sum until—

• (a) he or she has made the further election provided for in these regulations; and

• (b) the date specified in such an election has been reached.

(1) This regulation sets out the terms and conditions of an election for a deferred pension under section 28(1)(b)(i) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 20 years' superannuable service, make a further election to receive a pension which shall commence to be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing Government service; and

• (c) 3 months after the date of the further election.

(3) That pension is calculated under section 35 of the Act as if—

• (a) the person had ceased Government service and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) the person's annual salary at that date was increased in accordance with CPI.

(4) If a person dies before becoming entitled to a pension, death benefits calculated in accordance with section 45(1) or section 46 of the Act shall be payable (except that references in those sections to the rate of the retiring allowance to which the deceased contributor would have been entitled shall be read as if they were references to the rate of the deferred pension calculated in accordance with this regulation).

(5) Nothing in this regulation limits sections 40, 48, 91, or section 91B of the Act.

(1) This regulation sets out the terms and conditions of an election for a deferred lump sum under section 28(1)(b)(ii) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 20 years' superannuable service, make a further election to receive a lump sum which shall be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing Government service; and

• (c) the fifth anniversary of the effective date of the cessation election; and

• (d) 3 months after the date of the further election.

(3) The lump sum is the greater of—

• (a) 12 times the annual rate of the pension calculated in accordance with subclause (4); or

• (b) twice the total amount of the person's contributions that are in the fund,—

calculated at the effective date of the cessation election and increased in accordance with CPI.

(4) The pension for the purposes of subclause (3) is calculated under section 35 of the Act as if—

• (a) the person had ceased Government service and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) the person was aged 60 at that date.

(5) If the person dies before becoming entitled to the lump sum, the lump sum shall be payable to the person's spouse or partner or, if the person does not leave a spouse or partner, to that person's personal representatives in trust for the persons entitled to receive it under that person's will or under the Acts relating to the distribution of intestate estates.

(1) If a person who has made a cessation election for a deferred pension or a deferred lump sum has less than 20 years' superannuable service by the time he or she ceases to be employed in the Government service, a refund of his or her contributions shall be paid.

(2) Every refund under regulation 5(1)(c) of these regulations or subclause (1) of this regulation shall be calculated in accordance with section 42(1) and (2) of the Act.

(1) This regulation sets out the terms and conditions of an election for a deferred pension under section 61R(1)(b)(i) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 10 years' superannuable service, make a further election to receive a pension which shall commence to be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing Government service; and

• (c) 3 months after the date of the further election.

(3) That pension is calculated under section 61L of the Act as if—

• (a) subject to paragraph (c), the person had ceased Government service and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) the person was entitled to a pension under section 61I(4) of the Act; and

• (c) the person had retired on the date on which the pension is first to be paid for the purpose of the definition of appropriate percentage in section 61L(1A) of the Act; and

• (d) the person's final average earnings at the effective date of the cessation election were increased in accordance with CPI.

(4) If a person dies before becoming entitled to a pension,—

• (a) with less than 10 years' superannuable service, death benefits calculated in accordance with section 61R(8) of the Act shall be payable; or

• (b) with more than 10 years' superannuable service, death benefits calculated in accordance with section 61S(4) of the Act shall be payable,—

(except that references in those sections to the rate of the retiring allowance to which the deceased contributor would have been entitled shall be read as if they were references to the rate of the deferred pension calculated in accordance with this regulation).

(5) Nothing in this regulation limits sections 40, 48, 91, or section 91B of the Act.

(1) This regulation sets out the terms and conditions of an election for a deferred lump sum under section 61R(1)(b)(ii) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 10 years' superannuable service, make a further election to receive a lump sum which shall be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing Government service; and

• (c) the fifth anniversary of the effective date of the cessation election; and

• (d) 3 months after the date of the further election.

(3) The lump sum is the greater of—

• (a) 12 times the annual rate of the pension calculated in accordance with subclause (4); or

• (b) twice the total amount of the person's contributions that are in the fund, increased, in respect of contributions paid in respect of any period after 1 May 1985 under any Part of the Act other than Part 2, Part 3, or Part 6, by 0.25% for every month beginning on or after that date during which the person was a contributor under any Part of the Act other than Part 2, Part 3, or Part 6,—

calculated at the effective date of the cessation election and increased in accordance with CPI.

(4) The pension for the purposes of subclause (3) is calculated under section 61L of the Act as if—

• (a) the person had ceased Government service and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) the person was entitled to a pension under section 61I(4) of the Act; and

• (c) the person was aged 60 at the effective date of the cessation election for the purpose of the definition of appropriate percentage in section 61L(1A) of the Act.

(5) If the person dies before becoming entitled to the lump sum, the lump sum shall be payable to the person's spouse or partner or, if the person does not leave a spouse or partner, to that person's personal representatives in trust for the persons entitled to receive it under that person's will or under the Acts relating to the distribution of intestate estates.

(1) If a person who has made a cessation election for a deferred pension or a deferred lump sum has less than 10 years' superannuable service by the time he or she ceases to be employed in the Government service, a refund of his or her contributions shall be paid.

(2) Every refund under regulation 5(1)(c) of these regulations or subclause (1) of this regulation shall, if the person has ceased Government service, be increased, in respect of contributions paid in respect of any period after 1 May 1985 under any Part of the Act other than Part 2, Part 3, or Part 6, by 0.25% for every month beginning on or after that date between the date on which the person became a contributor under Part 2A of the Act and the date on which the refund is paid.

(1) This regulation sets out the terms and conditions of an election for a deferred pension under section 71JA(a)(i) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 20 years' superannuable service, make a further election to receive a pension which shall commence to be payable to the person on such date as the person may elect being a date on or after the later of—

• (a) being discharged or released from the regular forces; and

• (b) 3 months after the date of the further election.

(3) That pension is calculated under section 71G of the Act as if—

• (a) the person had been discharged or released from the regular forces and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) the person's final earnings at that date were increased in accordance with CPI.

(4) If a person dies before becoming entitled to a pension, death benefits calculated in accordance with section 71K(9) and (10) of the Act shall be payable (except that references in that section to the rate of the retiring allowance to which the deceased contributor would have been entitled shall be read as if they were references to the rate of the deferred pension calculated in accordance with this regulation).

(5) Nothing in this regulation limits sections 40, 48, 71M, or section 91B of the Act.

(1) This regulation sets out the terms and conditions of an election for a deferred lump sum under section 71JA(a)(ii) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 20 years' superannuable service, make a further election to receive a lump sum which shall be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) being discharged or released from the regular forces; and

• (b) the fifth anniversary of the effective date of the cessation election; and

• (c) 3 months after the date of the further election.

(3) The lump sum is the greater of—

• (a) 12 times the annual rate of the pension calculated in accordance with subclause (4); or

• (b) twice the total amount of the person's contributions that are in the fund, increased, in respect of contributions paid in respect of any period of contributory service under Part 3 or Part 3A of the Act, by 0.25% for every month during which the person was a contributor under Part 3 or Part 3A of the Act,—

calculated at the effective date of the cessation election and increased in accordance with CPI.

(4) The pension for the purposes of subclause (3) is calculated under section 71G of the Act as if the person had been discharged or released from the regular forces and retired and become entitled to a pension on the effective date of the cessation election.

(5) If the person dies before becoming entitled to the lump sum, the lump sum shall be payable to the person's spouse or partner or, if the person does not leave a spouse or partner, to that person's personal representatives in trust for the persons entitled to receive it under that person's will or under the Acts relating to the distribution of intestate estates.

(1) If a person who has made a cessation election for a deferred pension or a deferred lump sum has less than 20 years' superannuable service by the time he or she is discharged or released from the regular forces, a refund of his or her contributions shall be paid.

(2) Every refund under section 71JA(b) of the Act or regulation 5(1)(c) of these regulations or subclause (1) of this regulation shall, if the person has been discharged or released from the regular forces, be increased, in respect of contributions paid in respect of any period of contributory service under Part 3 or Part 3A of the Act, by 0.25% for every month between the date on which the person became a contributor under Part 3 or Part 3A of the Act and the date on which the refund is paid.

(1) This regulation sets out the terms and conditions of an election for a deferred pension under section 81OA(a)(i) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 10 years' superannuable service, make a further election to receive a pension which shall commence to be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing judicial service; and

• (c) 3 months after the date of the further election.

(3) That pension is calculated under section 81I of the Act as if—

• (a) the person had ceased judicial service and retired and become entitled to a retiring allowance on the effective date of the cessation election; and

• (b) the person's salary at that date was increased in accordance with CPI.

(4) If a person dies before becoming entitled to a pension, death benefits calculated in accordance with section 81Q of the Act shall be payable (except that references in that section to the rate of the retiring allowance to which the deceased Judge would have been entitled shall be read as if they were references to the rate of the deferred pension calculated in accordance with this regulation).

(5) Nothing in this regulation limits sections 40, 48, 91, or section 91B of the Act.

(1) This regulation sets out the terms and conditions of an election for a deferred lump sum under section 81OA(a)(ii) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 10 years' superannuable service, make a further election to receive a lump sum which shall be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing judicial service; and

• (c) the fifth anniversary of the effective date of the cessation election; and

• (d) 3 months after the date of the further election.

(3) The lump sum is the greater of—

• (a) 12 times the annual rate of the pension calculated in accordance with subclause (4); or

• (b) twice the total amount of the person's contributions that are in the Judges Superannuation Account, increased, in respect of contributions paid in respect of any period after 1 May 1985 under Part 4 or Part 5A of the Act, by 0.25% for every month beginning on or after that date during which the person was a contributor under Part 4 or Part 5A of the Act,—

calculated at the effective date of the cessation election and increased in accordance with CPI.

(4) The pension for the purposes of subclause (3) is calculated under section 81I of the Act as if—

• (a) the person had ceased judicial service and retired and become entitled to a retiring allowance on the effective date of the cessation election; and

• (b) the person was aged 68 at the effective date of the cessation election.

(5) If the person dies before becoming entitled to the lump sum, the lump sum shall be payable to the person's spouse or partner or, if the person does not leave a spouse or partner, to that person's personal representatives in trust for the persons entitled to receive it under that person's will or under the Acts relating to the distribution of intestate estates.

(1) If a person who has made a cessation election for a deferred pension or a deferred lump sum has less than 10 years' superannuable service by the time he or she ceases judicial service, a refund of his or her contributions shall be paid.

(2) Every refund under section 81OA of the Act or regulation 5(1)(c) of these regulations or subclause (1) of this regulation shall, if the person has ceased judicial service, be increased, in respect of contributions paid in respect of any period after 1 May 1985 under Part 4 or Part 5A of the Act, by 0.25% for every month beginning on or after that date between the date on which the person became a contributor under Part 4 or Part 5A of the Act and the date on which the refund is paid.

(1) This regulation sets out the terms and conditions of an election for a deferred pension under section 86FA(a)(i) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 9 years' superannuable service, make a further election to receive a pension which shall commence to be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing to be a member; and

• (c) 3 months after the date of the further election.

(3) That pension is calculated under section 84 of the Act as if—

• (a) the person had ceased to be a member and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) for the purpose of the definition of pension percentage in section 84(4) of the Act, where the person's superannuable service at the date upon which the pension is first to be paid exceeds 20 years, P is calculated in accordance with the following formula:

  

  where—

  x

  is the number of years of the person's contributory service; and

  y

  is the number of years of the person's membership of a qualifying scheme that was subsidised out of public money in accordance with a determination of the Remuneration Authority,—

  except that if y is greater than 20, then P shall be

  	x
  	120	:

(4) If a person dies before becoming entitled to a pension, death benefits calculated in accordance with section 86A or section 86B or section 86D of the Act shall be payable (except that references in those sections to the rate of the retiring allowance to which the deceased member or person would have been entitled shall be read as if they were references to the rate of the deferred pension calculated in accordance with this regulation).

(5) Nothing in this regulation limits sections 40, 48, 91, or section 91B of the Act.

(1) This regulation sets out the terms and conditions of an election for a deferred lump sum under section 86FA(a)(ii) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 9 years' superannuable service, make a further election to receive a lump sum which shall be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing to be a member; and

• (c) the fifth anniversary of the effective date of the cessation election; and

• (d) 3 months after the date of the further election.

(3) The lump sum is the greater of—

• (a) 12 times the annual rate of the pension calculated in accordance with subclause (4); or

• (b) twice the total amount of the person's contributions that are in the Parliamentary Superannuation Account,—

calculated at the effective date of the cessation election and increased in accordance with CPI.

(4) The pension for the purposes of subclause (3) is calculated under section 84 of the Act as if—

• (a) the person had ceased to be a member and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) for the purpose of the definition of pension percentage in section 84(4) of the Act, where the person's superannuable service at the date upon which the lump sum is to be paid exceeds 20 years, P is calculated in accordance with the following formula:

  

  where—

  x

  is the number of years of the person's contributory service; and

  y

  is the number of years of the person's membership of a qualifying scheme that was subsidised out of public money in accordance with a determination of the Remuneration Authority,—

  except that if y is greater than 20, then P shall be

  	x
  	120	:

• (c) the person had become entitled to a pension on attaining the age of 50 or attaining 9 years' contributory service, whichever is the later.

(5) If the person dies before becoming entitled to the lump sum, the lump sum shall be payable to the person's spouse or partner or, if the person does not leave a spouse or partner, to that person's personal representatives in trust for the persons entitled to receive it under that person's will or under the Acts relating to the distribution of intestate estates.

(1) If a person who has made a cessation election for a deferred pension or a deferred lump sum has less than 9 years' superannuable service by the time he or she ceases to be a member, a refund of his or her contributions shall be paid.

(2) Every refund under section 86FA(b) of the Act or regulation 5(1)(c) of these regulations or subclause (1) of this regulation shall, if the person has ceased to be a member, be twice the person's contributions to the Parliamentary Superannuation Account.

(1) This regulation sets out the terms and conditions of an election for a deferred pension under section 88HA(a)(i) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 10 years' superannuable service, make a further election to receive a pension which shall commence to be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing to be a member of the Police; and

• (c) 3 months after the date of the further election.

(3) That pension is calculated under section 88F of the Act as if—

• (a) subject to paragraph (b), the person had ceased to be a member of the Police and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) the person had retired on the date on which the pension is first to be paid for the purpose of the definition of appropriate percentage in section 88F(2A) of the Act; and

• (c) section 88F(2B) of the Act applies in determining the person's contributory service; and

• (d) the person's final average earnings at the effective date of the cessation election were increased in accordance with CPI.

(4) If a person dies before becoming entitled to a pension,—

• (a) with less than 10 years' superannuable service, death benefits calculated in accordance with section 61R(8) (as applied by section 88M) of the Act shall be payable; or

• (b) with more than 10 years' superannuable service, death benefits calculated in accordance with section 61S(4) (as applied by section 88H) of the Act shall be payable,—

(except that references in that section to the rate of the retiring allowance to which the deceased contributor would have been entitled shall be read as if they were references to the rate of the deferred pension calculated in accordance with this regulation).

(5) Nothing in this regulation limits sections 40, 48, 91, or section 91B of the Act.

(1) This regulation sets out the terms and conditions of an election for a deferred lump sum under section 88HA(a)(ii) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 10 years' superannuable service, make a further election to receive a lump sum which shall be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing to be a member of the Police; and

• (c) the fifth anniversary of the effective date of the cessation election; and

• (d) 3 months after the date of the further election.

(3) The lump sum is the greater of—

• (a) 12 times the annual rate of the pension calculated in accordance with subclause (4); or

• (b) twice the total amount of the person's contributions that are in the fund, increased, in respect of contributions paid in respect of any period after 1 May 1985 under Part 2A or Part 6A of the Act, by 0.25% for every month beginning on or after that date during which the person was a contributor under Part 2A or Part 6A of the Act,

calculated at the effective date of the cessation election and increased in accordance with CPI.

(4) The pension for the purposes of subclause (3) is calculated under section 88F of the Act as if—

• (a) the person had ceased to be a member of the Police and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) section 88F(2B) of the Act applies in determining the person's contributory service; and

• (c) the person was aged 55 at the effective date of the cessation election for the purpose of the definition of appropriate percentage in section 88F(2A) of the Act.

(5) If the person dies before becoming entitled to the lump sum, the lump sum shall be payable to the person's spouse or partner or, if the person does not leave a spouse or partner, to that person's personal representatives in trust for the persons entitled to receive it under that person's will or under the Acts relating to the distribution of intestate estates.

(1) If a person who has made a cessation election for a deferred pension or a deferred lump sum has less than 10 years' superannuable service by the time he or she ceases to be a member of the Police, a refund of his or her contributions that are in the fund shall be paid.

(2) Every refund under section 88HA(b) of the Act or regulation 5(1)(c) of these regulations or subclause (1) of this regulation shall, if the person has ceased to be a member of the Police, be increased, in respect of contributions paid in respect of any period after 1 May 1985 under Part 2A or Part 6A of the Act, by 0.25% for every month beginning on or after that date between the date on which the person became a contributor under Part 2A or Part 6A of the Act and the date on which the refund is paid.

(1) Any person who has made a cessation election and later leaves the Police under section 28 of the Police Act 1958 may elect to revoke the cessation election and instead exercise an option conferred by Part 6A of the Act.

(2) Any person who has made a cessation election and later leaves the Police under section 28C or section 28D of the Police Act 1958 may, before attaining the age of 50 years, elect to revoke the cessation election and instead exercise an option conferred by Part 6A of the Act.

(2A) Any person who has made a cessation election and later leaves the Police under section 74 or 76 of the Policing Act 2008 may, before attaining the age of 50 years, elect to revoke the cessation election and instead exercise an option conferred by Part 6A of the Act.

(3) Any such election shall be in writing delivered to the Government Superannuation Fund Authority.

(4) No such election may be made if any payment has been made from the fund pursuant to the cessation election.

(5) For the purpose of applying the Act to a person who revokes a cessation election under this regulation,—

• (a) references in section 88G(2) of the Act to “total contributions paid by the contributor as a member of the Police” do not include contributions paid other than to the fund:

• (b) any benefit under Part 6A of the Act—

  • (i) is calculated as if the person had ceased to be a member of the Police and retired and become entitled to a benefit on the effective date of the cessation election; and

  • (ii) is increased in accordance with CPI:

• (c) interest of 0.25% per month is not payable under section 88G of the Act in respect of any period after the date of the cessation election.

(1) This regulation sets out the terms and conditions of an election for a deferred pension under section 61R(1)(b)(i) (as applied by section 88PA) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 10 years' superannuable service, make a further election to receive a pension which shall commence to be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing to be a member of the prisons service; and

• (c) 3 months after the date of the further election.

(3) That pension is calculated under section 88T of the Act as if—

• (a) subject to paragraph (b), the person had ceased to be a member of the prisons service and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) the person had retired on the date on which the pension is first to be paid for the purpose of the definition of appropriate percentage in section 88T(2A) of the Act; and

• (c) section 88R of the Act applies in determining the contributor's contributory service; and

• (d) the person's final average earnings at the effective date of the cessation election were increased in accordance with CPI.

(4) If a person dies before becoming entitled to a pension,—

• (a) with less than 10 years' superannuable service, death benefits calculated in accordance with section 61R(8) of the Act shall be payable; or

• (b) with more than 10 years' superannuable service, death benefits calculated in accordance with section 61S(4) of the Act shall be payable,—

(except that references in those sections to the rate of the retiring allowance to which the deceased contributor would have been entitled shall be read as if they were references to the rate of the deferred pension calculated in accordance with this regulation).

(5) Nothing in this regulation limits sections 40, 48, 91, or section 91B of the Act.

(1) This regulation sets out the terms and conditions of an election for a deferred lump sum under section 61R(1)(b)(ii) (as applied by section 88PA) of the Act.

(2) The person leaves his or her contributions in the fund on the basis that the person may, if he or she has not less than 10 years' superannuable service, make a further election to receive a lump sum which shall be payable to the person on such date as the person may elect being a date on or after the latest of—

• (a) attaining the age of 50; and

• (b) ceasing to be a member of the prisons service; and

• (c) the fifth anniversary of the effective date of the cessation election; and

• (d) 3 months after the date of the further election.

(3) The lump sum is the greater of—

• (a) 12 times the annual rate of the pension calculated in accordance with subclause (4); or

• (b) twice the total amount of the person's contributions that are in the fund, increased, in respect of contributions paid in respect of any period after 1 May 1985 under any Part of the Act other than Part 2, Part 3, or Part 6, by 0.25% for every month beginning on or after that date during which the person was a contributor under any Part of the Act other than Part 2, Part 3, or Part 6,—

calculated at the effective date of the cessation election and increased in accordance with CPI.

(4) The pension for the purposes of subclause (3) is calculated under section 88T of the Act as if—

• (a) the person had ceased to be a member of the prisons service and retired and become entitled to a pension on the effective date of the cessation election; and

• (b) section 88R of the Act applies in determining the contributor's contributory service;

• (c) the person was aged 58 at the effective date of the cessation election for the purpose of the definition of appropriate percentage in section 88T(2A) of the Act.

(5) If the person dies before becoming entitled to the lump sum, the lump sum shall be payable to the person's spouse or partner or, if the person does not leave a spouse or partner, to that person's personal representatives in trust for the persons entitled to receive it under that person's will or under the Acts relating to the distribution of intestate estates.

(1) If a person who has made a cessation election for a deferred pension or a deferred lump sum has less than 10 years' superannuable service by the time he or she ceases to be a member of the prisons service, a refund of his or her contributions shall be paid.

(2) Every refund under regulation 5(1)(c) of these regulations or subclause (1) of this regulation shall, if the person has ceased to be a member of the prisons service, be increased, in respect of contributions paid in respect of any period after 1 May 1985 under any Part of the Act other than Part 2, Part 3, or Part 6, by 0.25% for every month beginning on or after that date between the date on which the person became a contributor under any Part of the Act other than Part 2, Part 3, or Part 6 and the date on which the refund is paid.

In this Part, unless the context otherwise requires,—

(1) Any member of the Police who has been accepted for membership of the Police Superannuation Scheme may make a transfer election.

(2) This regulation is subject to regulation 30.

A person may only make a transfer election,—

• (a) if the person is less than 49½ years old on the commencement date, before the person turns 50 or before the close of the third anniversary of the commencement date, whichever occurs first; or

• (b) if the person is 49½ years old or older on the commencement date, before the close of 6 months after the commencement date.

(1) A person must make a transfer election by delivering to the Government Superannuation Fund Authority a written notice of election signed by the person making the election.

(2) The transfer election must also comply with the following requirements:

• (a) the signature of the person making the election must be witnessed by an investment adviser; and

• (b) the investment adviser must certify on the notice of election that—

  • (i) he or she is an investment adviser; and

  • (ii) before the person making the election signed the election notice, the investment adviser explained to that person the effect and implications of the transfer election.

(3) In subclause (2), investment adviser has the same meaning as in section 2(1) of the Investment Advisers (Disclosure) Act 1996.

(1) A person who makes a transfer election ceases to be a contributor to the fund on the transfer date, and is not entitled to contribute again to the fund.

(2) A person who makes a transfer election ceases, from the transfer date, to have any entitlements under the Act or these regulations by virtue of his or her contributions to the fund under Part 6A of the Act.

(3) A transfer election may be converted into an election for a refund at any time before any payment has been made from the fund under the transfer election.

(1) This regulation applies to any person who—

• (a) has made an earlier cessation election; and

• (b) has not received any payment from the fund pursuant to the earlier cessation election; and

• (c) wishes to transfer to the Police Superannuation Scheme.

(2) The person must revoke the earlier cessation election at the same time as making a transfer election.

(3) The effect of the revocation of the earlier cessation election is that,—

• (a) as of the transfer date, the person's entitlements under the earlier cessation election cease; and

• (b) the person is a contributor to the fund solely for the purpose of the making of the transfer election.

(4) This Part does not alter the contributor's status between the effective date of the earlier cessation election and the transfer date.

(1) The Government Superannuation Fund Authority or its nominee must pay the transfer value to the Police Superannuation Scheme as soon as practicable after the transfer election is received.

(2) One-third of the transfer value must be paid to the member's account (as defined in the Police Superannuation Scheme) for the person who has made the transfer election.

(3) Two-thirds of the transfer value must be paid to the employer's No 1 account (as defined in the Police Superannuation Scheme) for that person.

(1) This regulation sets out how the transfer value must be calculated in respect of a person who is less than 49½ years old on the commencement date and who has not made an earlier cessation election.

(2) The person's transfer value is the disengagement amount.

(3) The disengagement amount is the amount that would be paid to the person under section 88G of the Act—

• (a) if the person had ceased to be a member of the Police by voluntary disengagement under section 28D of the Police Act 1958 on the earlier of the transfer date or the person's 50th birthday; and

• (b) if the person had elected to receive a refund payable under section 88G(1) of the Act.

(1) This regulation sets out how the transfer value must be calculated in respect of a person who is 49½ years old or older on the commencement date and who has not made an earlier cessation election.

(2) The person's transfer value is the total of the disengagement amount plus accrued benefits (if any), as that total is increased by CPI.

(3) The disengagement amount is the amount that would be paid to the person under section 88G of the Act—

• (a) if the person had ceased to be a member of the Police by voluntary disengagement under section 28D of the Police Act 1958 on the earlier of the transfer date or the person's 50th birthday; and

• (b) if the person had elected to receive a refund payable under section 88G(1) of the Act.

(4) The accrued benefits are the following benefits for the period beginning on the date of the person's 50th birthday and ending on the transfer date:

• (a) accrued employer contributions at the appropriate rate of the person's gross salary that the the Authority determines under section 95 of the Act; and

• (b) accrued employee contributions of 7.5% of the person's gross salary.

(5) Increased by CPI means increased by the percentage increase (if any) as certified by the Government Statistician by which the all groups index number of the New Zealand Consumer Price Index for the quarter that was published most recently before the transfer date exceeds the index number for the quarter ending immediately following the person's 50th birthday.

(1) This regulation sets out how the transfer value must be calculated in respect of a person who is less than 49½ years old on the commencement date and who has made an earlier cessation election.

(2) The person's transfer value is the disengagement amount, increased by CPI.

(3) The disengagement amount is the amount that would be paid to the person under section 88G of the Act—

• (a) if the person had ceased to be a member of the Police by voluntary disengagement under section 28D of the Police Act 1958 on the effective date of the earlier cessation election; and

• (b) if the person had elected to receive a refund payable under section 88G(1) of the Act.

(4) Increased by CPI means increased by the percentage increase (if any) as certified by the Government Statistician by which the all groups index number of the New Zealand Consumer Price Index for the quarter that was published most recently before the transfer date exceeds the index number for the quarter ending immediately following the effective date of the earlier cessation election.

(1) This regulation sets out how the transfer value must be calculated in respect of a person who is 49½ years old or older on the commencement date and who has made an earlier cessation election.

(2) The person's transfer value is the total of the disengagement amount and accrued benefits (if any), as that total is increased by CPI.

(3) The disengagement amount is the amount that would be paid to the person under section 88G of the Act—

• (a) if the person had ceased to be a member of the Police by voluntary disengagement under section 28D of the Police Act 1958 on the earlier of the effective date of the earlier cessation election or the person's 50th birthday; and

• (b) if the person had elected to receive a refund payable under section 88G(1) of the Act.

(4) The accrued benefits are the following benefits for the period beginning on the date of the person's 50th birthday and ending on the effective date of the earlier cessation election:

• (a) accrued employer contributions at the appropriate rate of the person's gross salary that the the Authority determines under section 95 of the Act; and

• (b) accrued employee contributions of 7.5% of the person's gross salary.

(5) Increased by CPI means increased by the percentage increase (if any) as certified by the Government Statistician by which the all groups index number of the New Zealand Consumer Price Index for the quarter that was published most recently before the transfer date exceeds the index number for the quarter ending immediately following the earlier of the date of the person's 50th birthday or the effective date of the earlier cessation election.

For the purpose of calculating the refund payable under section 88G(1) of the Act under regulation 37 or regulation 38,—

• (a) references in section 88G(2) of the Act to “total contributions paid by the contributor as a member of the Police” do not include contributions paid other than to the fund:

• (b) interest of 0.25% per month is not payable under section 88G of the Act in respect of any period after the effective date of the earlier cessation election.