(1) A Retirement
Income Member is to select —
(a)
whether the Member’s pension is to be paid monthly, quarterly or
annually; and
(aa) if
the Member selects quarterly payments, whether the payments are to be made
in —
(i)
January, April, July and October; or
(ii)
February, May, August and November; or
(iii)
March, June, September and December;
and
(b) if
the Member selects annual payments, the month in which the Member’s
pension is to be paid,
and give notice of
those selections to the Board.
(2) A Member may
change his or her selection under subregulation (1) at any time by giving
notice to the Board.
(3) Until a Retirement
Income Member selects otherwise the Member is taken to have selected monthly
pension payments.
[Regulation 189 inserted: Gazette
19 Mar 2003 p. 829-30; amended: Gazette 13 Apr 2007
p. 1582.]