Additional payment from amount deposited with approved bank or retained in retirement account
10A.—(1) A member who is entitled to receive payment under regulation 8A(1) or (3), 9 or 10 may apply to the Board, in such manner as the Board may require, to be paid an additional amount from the member’s balance —
(a)
on the date on which the member attains the applicable age or the date the Board approves the application, whichever is later; and
(b)
at every monthly interval after that date.
(2) If the Board approves a member’s application under paragraph (1), the Board may —
(a)
impose terms and conditions; and
(b)
subject to regulation 10C, pay the member, in accordance with paragraph (1)(a) and (b), such amounts as the Board may determine.
(3) The Board may, on or after a member who is entitled to receive payment under regulation 8A(1) or (3), 9 or 10 attains the applicable age and without any application by the member under paragraph (1), pay the member at monthly intervals such additional amounts from the member’s balance as the Board may determine.