Paragraph 16 Exception for tapered protection members during protection periodI1
United Kingdom
The protection period for a tapered protection member of the 1992 Scheme or the NFPS is the period which—
begins on the day after the scheme closing date; and
ends when P ceases to be a tapered protection member of the 1992 Scheme or the NFPS.
During the protection period—
P is eligible to be in pensionable service under the NFPS or where P is an active member of the 1992 Scheme, eligible to be in pensionable service under that scheme;
section 18(1) of the 2013 Act does not apply in respect of that pensionable service; and
benefits are to be provided under the 1992 Scheme or the NFPS, as the case may be, to or in respect of P in relation to that pensionable service.
Annotations
Commencement
- I1
Sch. 2 para. 16 in force at 1.4.2015, see reg. 1(2)