Regulation 4 Application of Part III
This part of these regulations shall apply to any transferee who:—
immediately before the date of transfer was a member of any of the existing pension schemes or of the Cable and Wireless Pension Fund or a contributor to the Superannuation Suspense Account, or was employed in a probationary capacity with a view to being admitted into the pensionable employment of the Company, or was employed in full-time unestablished employment with the benefit of an undertaking by the Company that he would be admitted into the pensionable employment of the Company if at the end of a period of deferment of such admission he satisfied the Company that he was medically fit for such admission; and either
under arrangements made between him or any staff association on his behalf and the Postmaster-General, elects or is deemed to have elected to remain a member of one or more of the existing pension schemes, or to remain or become a contributor to the Superannuation Suspense Account or a member of the Cable and Wireless Pension Fund, as the case may be, or
remains a member of one or more of the existing pension schemes or of the Cable and Wireless Pension Fund or a contributor to the Superannuation Suspense Account as the case may be, without having been given an option to become an established civil servant:
Provided that for the purpose of paragraph (b) of this regulation any election which under such arrangements is superseded by a subsequent retrospective election shall be disregarded.