Paragraph 71 Interpretation of Part 12I1

In this Part—

• F1“final salary benefit” means benefit accrued under a final salary scheme as defined in section 34 (general interpretation) of the 2014 Act;

• “guaranteed cash equivalent transfer value payment” means a payment of the description mentioned in article 74(2); and

• “public sector transfer arrangements” means arrangements approved by HM Treasury as providing reciprocal arrangements for the payment and receipt of transfer values between this Scheme and other occupational pension schemes.