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Paragraph 1 Interpretation

Original text. Later amendments are not shown.

In this Schedule—

  • “closing date”, in relation to a transition member, means—

    1. (a)

      if the member is a tapered protection member of an existing scheme, the tapered protection closing date for that member; or

    2. (b)

      if the member is not a protected member of that scheme, the scheme closing date;

  • “full protection member”, in relation to an existing scheme, has the meaning given in paragraphs 8 and 9;

  • “protected member”, in relation to an existing scheme, means a full protection member or tapered protection member of that scheme;

  • “protection period”—

    1. (a)

      for a full protection member of an existing scheme, has the meaning given in paragraph 6;

    2. (b)

      for a tapered protection member of an existing scheme, has the meaning given in paragraph 11;

  • “tapered protection closing date”, in relation to a tapered protection member of an existing scheme, has the meaning given in paragraph 3;

  • “tapered protection member”, in relation to an existing scheme, has the meaning given in paragraphs 12 and 13;

  • “transition date”, in relation to a transition member, means—

    1. (a)

      if the member is a tapered protection member of an existing scheme, the day after the tapered protection closing date for that member;

    2. (b)

      if the member is not a protected member of that scheme, the day after the scheme closing date or, if later, the day the person ceased to be a protected member of the scheme;

  • “transition member” means a person—

    1. (a)

      who is a member of an existing scheme by virtue of the person’s pensionable service under that scheme before the transition date; and

    2. (b)

      who is a member of this scheme by virtue of the person’s pensionable service under this scheme.