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Paragraph 3 Meaning of “tapered protection closing date”

(1)

The tapered protection closing date for a tapered protection member of F1a relevant scheme is—

(a)

if the member exercises the option F2..., the scheme closing date; or

(b)

if the member does not exercise the option, a date between 31st May 2015 and 31st January 2022 (both dates inclusive) determined by the scheme manager by reference to a table published for that purpose.

(2)

A tapered protection closing date determined under sub-paragraph (1)(b) must fall on the last day of a month.

F3(3)

In this paragraph “the option” means—

(a)

in relation to an existing scheme, the option under Part 4 of this Schedule;

(b)

in relation to the Fee-Paid Judges Scheme, the option under regulation 14(6)(d).

Annotations

Textual amendments

F1

Words in Sch. 2 para. 3(1) substituted (2.5.2023) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2023 (S.R. 2023/63), regs. 1(2), 16(4)(a)(i)

F2

Words in Sch. 2 para. 3(1) omitted (2.5.2023) by virtue of The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2023 (S.R. 2023/63), regs. 1(2), 16(4)(a)(ii)

F3

Sch. 2 para. 3(3) inserted (2.5.2023) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2023 (S.R. 2023/63), regs. 1(2), 16(4)(b)