Regulation 22 Closure of sections of schemes

After paragraph 25 of Schedule 2 insert—

“Closure of sections of schemes

25A.

(1)

The closure of any section of a scheme, from a particular date, to workers who have not already joined it.

(2)

For the purposes of paragraph (1)—

(a)

a scheme may be divided into two or more sections, and

(b)

a section of a scheme shall mean any of the groups in sub-paragraph (3).

(3)

A section of a scheme shall mean any of the following—

(a)

any group of members who became eligible to join, or who joined, the scheme on, after or before a particular date on the basis that particular benefits will be provided to or in respect of those members or that a particular level of contributions will be paid in respect of those members; or

(b)

any group of members who became eligible to join, or who joined, the scheme as a result of a block transfer or relevant transfer.”.