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Paragraph 12 Member of an existing scheme on scheme closing date

Original text. Later amendments are not shown.

(1)

A person (P) is a tapered protection member of an existing scheme if sub-paragraph (2) or sub-paragraph (3) applies—

(2)

This sub-paragraph applies if—

(a)

P was an active member of an existing scheme on 31st March 2012;

(b)

P was an active member of an existing scheme on the scheme closing date; and

(c)

unless P dies, P would reach normal pension age during the period beginning with 2nd April 2022 and ending with 1st September 2025.

(3)

This sub-paragraph applies if—

(a)

P was an active member of an existing scheme (“P’s transitional scheme”) on 31st March 2012;

(b)

P was an active member of an existing scheme (“Scheme A”) on the scheme closing date; and

(c)

P would, unless P dies, reach normal pension age under—

(i)

Scheme A during the period beginning with 2nd April 2022 and ending with 1st September 2025; and

(ii)

P’s transitional scheme on or before 1st September 2025.