Article 2 Interpretation

Article 2 of the Principal Order is amended as follows.

After the definition of “basic or prospective pension” insert—

• ““Category 1 contributor” means—

  1. (a)

     in respect of any period beginning on or after 5th July 2001 and ending before 15th July 2002, a participant who is a Representative on 15th July 2002 who opts, before 31st July 2003, to make contributions on or after 5th July 2001 at a rate of 9 per cent;

  2. (b)

     in respect of any period beginning on or after 15th July 2002 and ending before 14th July 2009, a participant who does not opt, before 1st May 2010, to make contributions at a reduced rate; and

  3. (c)

     in respect of any period beginning on or after 14th July 2009, a participant who—

     1. (i)

        does not opt, before 1st May 2010, to make contributions at a reduced rate, and on or after that date does not exercise the option to select a membership category in article 5(2A); or

     2. (ii)

        exercises the option to select a membership category in article 5(2A) and whose qualifying notice specifies that the participant wishes to make contributions as a Category 1 contributor.

• “Category 2 contributor” means—

  1. (a)

     in respect of any period beginning on or after 5th July 2001 and ending before 15th July 2002, a participant who does not opt, before 31st July 2003, to make contributions on or after 5th July 2001 at a rate of 9 per cent;

  2. (b)

     in respect of any period beginning on or after 15th July 2002 and ending before 14th July 2009, a participant who opts, before 1st May 2010, to make contributions at a reduced rate; and

  3. (c)

     in respect of any period beginning on or after 14th July 2009, a participant who—

     1. (i)

        opts, before 1st May 2010, to make contributions at a reduced rate and has not subsequently exercised the option to select a membership category in article 5(2A); or

     2. (ii)

        exercises the option to select a membership category in article 5(2A) and whose qualifying notice specifies that the participant wishes to make contributions as a Category 2 contributor.

• “Category 3 contributor” means, in respect of any period beginning on or after 14th July 2009, a participant who exercises the option to select a membership category in article 5(2A) and whose qualifying notice specifies that the participant wishes to make contributions as a Category 3 contributor.”.

For the definition of “participant” substitute—

• ““participant” means a person (“P”)—

  1. (a)

     making contributions under article 5;

  2. (b)

     who is excused from making such contributions because P’s aggregate period of reckonable service exceeds that which would give rise to the maximum pension allowed in respect of P under the scheme; or

  3. (c)

     who is excused from making such contributions because article 5(2F)(b) applies.”.