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Article 6 Alterations in the terms of certain insurance schemes

Original text. Later amendments are not shown.

(1)

This Article shall apply to the pension schemes listed in Schedule 3 to this Order.

(2)

Where a member of a pension scheme to which this Article applies becomes a member of the New Fund on or after the 14th August 1967, the following provisions shall have effect:—

(a)

upon the date of his admission to membership of the New Fund he shall (subject to this Order) cease to be liable to pay contributions to that scheme; and

(b)

as soon as may be after that date the Board shall make such arrangements as may be appropriate to secure to that member by means of non-assignable and non-commutable insurance policies his accrued pension rights in that scheme.