Paragraph 8 Members of an existing scheme on scheme closing dateI1

United Kingdom

(1)

A person (P) is a full protection member of an existing scheme if sub-paragraph (2) or sub-paragraph (3) applies—

(2)

This sub-paragraph applies if—

(a)

P was an active member of an existing scheme on 31st March 2012;

(b)

P was an active member of that scheme on the scheme closing date; and

(c)

unless P dies, P would reach normal pension age under that scheme on or before 1st April 2022.

(3)

This sub-paragraph applies if—

(a)

P was an active member of an existing scheme (“P’s transitional scheme”) on 31st March 2012;

(b)

P was an active member of an existing scheme (“Scheme A”) on the scheme closing date; and

(c)

P would, unless P dies, reach normal pension age under Scheme A and P’s transitional scheme on or before 1st April 2022.

Annotations