Retirement Income Members, who may be
172 Retirement Income Members, who may be
A person listed in subregulation (2) may apply to become a Retirement Income Member if he or she is entitled to —
immediate payment of a lump sum benefit from another scheme or another superannuation fund; or
[(b) deleted]
an amount of a transfer benefit available for transfer under regulation 44B; or
payment of a phased retirement benefit.
A person may apply under subregulation (1) if he or she is —
a Member; or
a Pension Scheme Member or a Provident Scheme Member; or
in receipt of, or entitled to receive, a pension under the Pension Scheme; or
a former member; or
a partner or former partner of a person mentioned in paragraphs (a) to (d).
[(3) deleted]
The Board is to accept an application under this regulation unless the Board considers that the applicant, if accepted as a Retirement Income Member, will not comply with regulation 175.
[Regulation 172 inserted: Gazette 19 Mar 2003 p. 818-19; amended: Gazette 1 Dec 2004 p. 5714; 26 May 2006 p. 1919‑20; 13 Apr 2007 p. 1583; 6 Jun 2007 p. 2625; 10 Jan 2017 p. 153.]
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