The Parliamentary Pensions (Additional Voluntary Contributions Scheme) (Amendment) Regulations 2004

© Crown Copyright 2004

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"the AVC Regulations" means the Parliamentary Pensions (Additional Voluntary Contributions Scheme) Regulations 1993[3];

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

Benefits which may be provided
     3. In regulation 7 of the AVC Regulations - 

(a) there shall be substituted for paragraph (2)(e) - 


" (e) a pension payable to the contributor throughout the remainder of his or her lifetime, under which - 


(i) payments may be guaranteed to be payable for up to 10 years after the pension commences; or

(ii) payments may be guaranteed to be payable for up to 5 years after the pension commences with any balance in respect of any period between death and the expiry of the period of 5 years being paid in one lump sum on death."; and



(b) there shall be substituted for paragraph (4) - 

    " (4) In the case of benefits payable at or after a contributor's retirement, the choice of which of the above types of benefit shall be payable shall be made by the contributor and the benefits must come into payment on any date which is - 


(a) not later than whichever is the later of - 


(i) the date of the contributor's 75th birthday, and

(ii) the date on which the contributor's pension under the principal scheme commences; and



(b) not earlier than the date on which the contributor's pension under the principal scheme commences."

Purchase of pensions
     4. In paragraph (1) of regulation 9 of the AVC Regulations, for "On or before the date of his retirement" there shall be substituted "At least three months before the date on which he would like a pension to come into payment".


Peter Hain
Leader of the House of Commons

15th September 2004



I consent


Ruth Kelly
for the Minister for the Civil Service

15th September 2004

[2] See article 3 of the Transfer of Functions (Treasury and Minister for the Civil Service) Order 1995 (S.I. 1995/269).back

[3] S.I. 1993/3252, to which there are amendments not relevant to these Regulations.back