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Paragraph 18 Pensions

Original text. Later amendments are not shown.

In considering whether a pension scheme meets the requirements of paragraph 17, the Government Actuary’s Department must take into account—

(a)

all rights and benefits which were available to the employee before the transfer date—

(i)

under or in connection with the employee’s contract with the Commissioners, or

(ii)

otherwise in connection with that person’s employment or service with the Commissioners; and

(b)

all rights and benefits which are available to the employee on and after the transfer date—

(i)

under or in connection with the employee’s contract with the transferee, or

(ii)

otherwise in connection with that person’s employment or service with the transferee.