Paragraph 9 Pensionable service under pre-2022 schemeI1
United Kingdom
This paragraph applies in relation to a transition member with continuity of service (T) who is in pensionable service under this scheme.
In determining whether T qualifies under a pre-2022 scheme for retirement benefits, T’s pensionable service under that scheme is to be treated as terminating when T’s pensionable service under this scheme terminates;
In determining T’s final salary for any purposes of a pre-2022 scheme under Schedule 7 (final salary link) to the Act, pensionable earnings derived from service under this scheme are to be regarded as derived from service under a pre-2022 scheme; and
Where T has a working pattern or patterns involving a pro rata reduction in salary as at the date when they cease pensionable service in this scheme, T’s final salary for a pre-2022 scheme is to be calculated by reference to their full-time equivalent final salary, or to the proportion or proportions of their full-time equivalent final salary appropriate to T’s working pattern as at the closing date.
Annotations
Commencement
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Sch. 1 para. 9 in force at 1.4.2022, see reg. 1(4)