Paragraph 8 Transfer values

(1)

Chapter 4 of Part 4 of the 1993 Act (protection for early leavers: transfer values) is modified as follows.

(2)

In the application of that Chapter to P as a member of the old scheme, in—

(a)

section 89(1)(a)^f1 (scope of Chapter 4),

(b)

section 93(3)(a) (calculation of cash equivalents), and

(c)

section 94(1A) and (3)^f2 (variation and loss of rights under section 90),

a reference to termination of P’s pensionable service is to be taken as a reference to termination of P’s pensionable service in relation to this scheme.

Annotations

Footnotes

f1: Section 89(1)(a) was substituted by Article 148 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)).
f2: Section 94(1A) was inserted by, and section 48(3) amended by, Article 165 of, and paragraph 7 of Schedule 4 to, the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)).