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Article 5

Original text. Later amendments are not shown.

(1)

A person who becomes a member of a BRB scheme after the coming into force of this Order shall, so long as he is a contributing member of such a scheme, be ineligible for membership of a Corporation scheme.

(2)

Where a member of a Corporation scheme (“the former scheme”) becomes a member of a BRB scheme (“the new scheme”) after the coming into force of this Order, the following provisions shall have effect:—

(a)

upon the date of his admission to membership of the new scheme he shall cease to be a member of the former scheme, his right to receive benefit from the former scheme (other than in respect of non-transferable rights) shall cease, and (except as provided in Article 7 below) his liability to pay contributions to the former scheme shall cease; and

(b)

as soon as may be after that date the persons administering the former scheme shall pay to the new scheme an appropriate transfer value in respect of the transferable rights of that member in the former scheme.

(3)

Where under the foregoing provisions of this Article a person who has a right of re-admission to a Corporation scheme becomes ineligible for membership thereof, that right of re-admission shall not be exercisable so long as the ineligibility continues.