Regulation 17 Deferred membershipI1
United Kingdom
A person who, on ceasing to be in pensionable service under this scheme, has not reached normal pension age and does not become a pensioner member in respect of that service, becomes a deferred member in respect of that service if—
(a)
the person has at least 2 years’ qualifying service; or
(b)
a transfer value payment otherwise than from another occupational pension scheme has been accepted in relation to the person under Part 8 (Transfers).