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Article 4 Categories of contributor

Original text. Later amendments are not shown.

(1)

Article 2 of the Principal Order (interpretation) is amended as follows.

(2)

In the definition of “Category 1 contributor”—

(a)

omit “and” at the end of paragraph (b);

(b)

in paragraph (c) after “14th July 2009” insert “and ending before 1st April 2012”;

(c)

at the end of paragraph (c) substitute “; and” for “.” and insert—

“(d)

in respect of any period beginning on or after 1st April 2012, a participant (“P”) who—

(i)

did not opt, before 1st April 2012, to make contributions at a reduced rate, and does not exercise the option in article 5(2AA) to change P’s membership category; or

(ii)

exercises the option in article 5(2AA) to change P’s membership category and whose qualifying notice specifies that P wishes to make contributions as a Category 1 contributor.”.

(3)

In the definition of “Category 2 contributor”—

(a)

omit “and” at the end of paragraph (b);

(b)

in paragraph (c) after “14th July 2009” insert “and ending before 1st April 2012”;

(c)

at the end of paragraph (c) substitute “; and” for “.” and insert—

“(d)

in respect of any period beginning on or after 1st April 2012 a participant (“P”) who—

(i)

opted, before 1st April 2012, to make contributions as a Category 2 contributor and does not exercise the option in article 5(2AA) to change P’s membership category; or

(ii)

exercises the option in article 5(2AA) to change P’s membership category and whose qualifying notice specifies that P wishes to make contributions as a Category 2 contributor.”.

(4)

For the definition of “Category 3 contributor” substitute—

  • ““Category 3 contributor” means—

    1. (a)

      in respect of any period beginning on or after 14th July 2009 and ending before 1st April 2012, a participant (“P”) who exercised the option to select a membership category in article 5(2A) and whose qualifying notice specified that P wished to make contributions as a Category 3 contributor; and

    2. (b)

      in respect of any period beginning on or after 1st April 2012, a participant (“P”) who—

      1. (i)

        opted, before 1st April 2012, to make contributions as a Category 3 contributor and does not exercise the option in article 5(2AA) to change P’s membership category; or

      2. (ii)

        exercises the option in article 5(2AA) to change P’s membership category and whose qualifying notice specifies that P wishes to make contributions as a Category 3 contributor.”.

(5)

After the definition of “protected individual” insert—

  • ““qualifying notice” has the meaning assigned to it by article 5(2B);”.