# Pensions Act 1995, Paragraph 4

Extent: E+W+S

In section 97 (calculation of cash equivalents)—
(a) in subsection (2)(a) after “cash equivalents” there is inserted “ except guaranteed cash equivalents ”,
(b) in subsection (3)(b), for the words from “the date” to the end there is substituted “ the appropriate date ”, and
(c) after that subsection there is inserted—
“(3A) For the purposes of subsection (3), the “appropriate date”—
(a) in the case of a salary related occupational pension scheme, is the guarantee date (within the meaning of section 93A), and
(b) in any other case, is the date on which the trustees receive an application from the member under section 95.”

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Source: https://www.legislation.gov.uk/ukpga/1995/26/schedule/6/paragraph/4 (the official version)
Page: https://openlegislation.uk/pensions-act-1995/schedule-6/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.