Paragraph 4

England, Wales and Scotland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 3 para. 3A omitted by Pension Schemes Act 2015 Sch. 1 para. 9
Sch. 3 para. 4 omitted by Pension Schemes Act 2015 Sch. 1 para. 9
Sch. 3 para. 5(1) words substituted by Pension Schemes Act 2015 Sch. 1 para. 10
Sch. 3 para. A1 and cross-heading inserted by Pension Schemes Act 2015 Sch. 1 para. 8

The flat rate method is to revalue the benefits which have accrued to the member as respects the pre-pension period in any way in which they would have been revalued during that period if he had remained in the same pensionable service.

Notes on Schedule 3

Commencement

I1: Schs. 1-4 in force at 7.2.1994 by S.I. 1994/86, art. 2