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Regulation 42 Separate accounts for dual capacity pension credit memberI1

United Kingdom

(1)

If a pension credit member is also an active member, a deferred member or a pensioner member, the pension credit member’s account is in addition to the other account or accounts to be established under this Part in respect of the member in the other capacity.

(2)

If a pension credit member has rights under this scheme which are attributable, directly or indirectly, to pension credit derived from the rights of more than one pension debit member of this scheme, a separate account is to be established under this regulation in respect of the pension credit attributable to the rights of each such pension debit member.

Annotations

Commencement

I1

Reg. 42 in force at 1.4.2015, see reg. 1(2)