The European Parliamentary (United Kingdom Representatives) Pensions (Additional Voluntary Contributions Scheme) (Amendment) Order 1999

• Citation: S.I. 1999/2101
• Sections: 5

Section 1 Title and commencement

This Order may be cited as the European Parliamentary (United Kingdom Representatives) Pensions (Additional Voluntary Contributions Scheme) (Amendment) Order 1999 and shall come into force on 17th August 1999.

Section 2 Interpretation

In this Order–

“the AVC Order ” means the European Parliamentary (United Kingdom Representatives) Pensions (Additional Voluntary Contributions Scheme) ( No. 2) Order 1995 :

and other expressions shall have the same meaning as in the AVC Order.

Section 3 Contributors

In article 2(1) of the AVC Order–

(a) for the definition of “Class A contributor” there shall be substituted–

“Class A contributor” means any contributor who joined the principal scheme on or after 1st June 1989 or any other contributor who has elected to become a Class A contributor (however termed) by giving notice in writing to the Managers.

(b) for the definition of “Class C contributor” there shall be substituted–

“Class C contributor” means any contributor who joined the principal scheme before 17th March 1987 and has not elected to become a Class A contributor.

Section 4 Contributions

For article 5(3)(a) of the AVC Order, there shall be substituted–

(a) such amount determined by the Managers on a basis acceptable to the Board of Inland Revenue as is likely to provide benefits equal to the limits set out in article 11;

Section 5 Maximum pensions

In paragraph 3(2)(a) of Schedule 2 to the AVC Order, for the words “ that the number (not exceeding 40) of years of service completed before leaving service bears to the potential number (not exceeding 40) of years of service had the contributor remained in service to normal retirement date”, there shall be substituted “on the basis that service is taken as the potential number of years of service had the contributor remained in service to the normal retirement date”.