# Pension Schemes Act 2021, Paragraph 2


(1) Section 80 (basis of revaluation of accrued benefits) is amended as follows.
(2) In subsection (3), after “money purchase benefit” insert “ other than a collective money purchase benefit ”.
(3) After subsection (3A) insert—
“(3AA) If any such benefit as is mentioned in section 79(1)(a) is a collective money purchase benefit, the benefit shall be revalued using the cash balance method.”

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Source: https://www.legislation.gov.uk/ukpga/2021/1/schedule/6/paragraph/2 (the official version)
Page: https://openlegislation.uk/pension-schemes-act-2021/schedule-6/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.