Regulation 113(1) An employee shall, subject to sub-regulation (2), elect to have accrued benefits transferred to (a) an account in a master trust scheme nominated by the employee; or (b) an existing account of the employee in a group personal pension schemeif accrued benefits of the employee are held in a contribution account in an employer sponsored scheme and the employee ceases to be employed by the participating employer concerned in the scheme. (2) Where an employee who is a member of an employer sponsored scheme ceases to be employed by the participating employer of the scheme and is subsequently employed by another employer, the employee may, instead of making an election under sub regulation (1), elect to have the employee's accrued benefits in the scheme transferred to the contribution account in the registered scheme in which the new employer is participating in relation to that employee. (3) An election is effective when written notice of the election is given to the transferee trustee concerned or to the employee's new employer. (4) The employer shall give written notice of the election to the transferee trustee concerned within thirty days after the new employer has received a notice of the election.(5) The former employer shall in respect of a relevant employee inform the approved trustee that the employee has ceased to be in employment and specify the date on which the employment ceased(a) in the remittance statement that the former employer is required to lodge with the approved trustee of the employer sponsored scheme concerned in respect of the contribution period that ends immediately following the employee's cessation of employment; or(b) by written notice given to the approved trustee of the employer sponsored scheme concerned not later than the date on which that remittance statement is required to be lodged, inform the approved trustee. (6) Where an employee fails to give notice of an election within three months after the approved trustee of the employer sponsored scheme concerned has been notified, by the employee's former employer or by the employee, that the employee has ceased to be employed by the former employer(a) the employee shall be considered at the end of that period to have elected to have the employee's accrued benefits in the scheme transferred to a preserved account in a master trust scheme nominated by the transferor trustee concerned and administered by either that trustee or another approved trustee; and (b) the transferor trustee is taken at the end of that period to have been notified of the election and give notice to the member. (7) This regulation does not apply to an election or in relation to an election under section 108 (6) of the Act or any concomitant transfer of the accrued benefits of an employee.