or inaction by the member and the member passes a birthday which causes the costs of the purchase to change, the member must submit a new application. or c) The amount of pension to be purchased and/or the share of contribution to be met by the employer are not the same as that in the written agreement from the employer. Action: The London Borough of Hackney Pension Fund should, within a reasonable period of time, inform the member and the employer that the application has been rejected, provide the reasons for that rejection and inform the member that they must submit a new application based on the correct information. If the lump sum is to be paid by deduction from pay, the London Borough of Hackney Pension Fund will inform the employer of the amount to be deducted from the next available pay period and let the member have confirmation that the application has been accepted unless: The London Borough of Hackney Pension Fund requires a medical to be submitted prior to the acceptance of any application if the contract is for buying £2,000 or more additional pension b) Action: The London Borough of Hackney Pension Fund will request the required medical report from the member and the employer should wait for the London Borough of Hackney Pension Fund to clear the application before making any deduction. or c) The employer considers the member’s pay history to be such that the lump sum amount cannot be reasonably deducted from the member’s next pay period, Action: the employer should notify the administering authority together with details of the member’s pay history and notify the member that the application has been referred to the administering authority for clearance of the amount to be deducted from pay. The employer should wait for the administering authority to notify them of its decision before making any deduction. If the decision is to reject the application, the London Borough of Hackney Pension Fund must notify both the member and employer of their decision, together with the reasons, within a reasonable period of time. However, if any decision is delayed due to action or inaction by the member and the member passes a birthday which causes the costs of the purchase to change, the member must submit a new application. or
or inaction by the member and the member passes a birthday which causes the costs of the purchase to change, the member must submit a new application. or c) The amount of pension to be purchased and/or the share of contribution to be met by the employer are not the same as that in the written agreement from the employer. Action: The London Borough of Hackney Pension Fund should, within a reasonable period of time, inform the member and the employer that the application has been rejected, provide the reasons for that rejection and inform the member that they must submit a new application based on the correct information. If the lump sum is to be paid by deduction from pay, the London Borough of Hackney Pension Fund will inform the employer of the amount to be deducted from the next available pay period and let the member have confirmation that the application has been accepted unless: The London Borough of Hackney Pension Fund requires a medical to be submitted prior to the acceptance of any application if the contract is for buying £2,000 or more additional pension b) Action: The London Borough of Hackney Pension Fund will request the required medical report from the member and the employer should wait for the London Borough of Hackney Pension Fund to clear the application before making any deduction. or c) The employer considers the member’s pay history to be such that the lump sum amount cannot be reasonably deducted from the member’s next pay period, Action: the employer should notify the administering authority together with details of the member’s pay history and notify the member that the application has been referred to the administering authority for clearance of the amount to be deducted from pay. The employer should wait for the administering authority to notify them of its decision before making any deduction. If the decision is to reject the application, the London Borough of Hackney Pension Fund must notify both the member and employer of their decision, together with the reasons, within a reasonable period of time. However, if any decision is delayed due to action or inaction by the member and the member passes a birthday which causes the costs of the purchase to change, the member must submit a new application. or
14-apc-employer-guide-to-buying-additional-pension.docx