Regulation 3 Meaning of “member” and “prospective member”

(1)

This regulation applies for all the purposes of F1Chapter I of Part IV of the Act.

F2(2)

There are to be regarded as members of an occupational pension scheme any persons who—

(a)

are in pensionable service under the scheme;

(b)

have rights under the scheme by virtue of such pensionable service; or

(c)

have rights under the scheme by virtue of having been allowed transfer credits under the scheme.

(3)

There are to be regarded as prospective members of an occupational pension scheme—

(a)

any persons who are able, at their own option, to become members of the scheme, and

(b)

any persons who under the terms of their contracts of service and the scheme rules will become so able, if they continue in the same employment for a sufficiently long period.

Annotations

Textual amendments

F1: Words in reg. 3(1) substituted (12.5.1994) by The Occupational and Personal Pension Schemes (Consequential Amendments) Regulations 1994 (S.I. 1994/1062), reg. 1(2), Sch. 2 para. 30(3)
F2: Reg. 3(2)(3) substituted (28.9.92) by S.I. 1992/1531, reg. 34