Paragraph 11

The substitution, for paragraph 15, of the following paragraph—

“15

(1)

Where, on or before the relevant date, the whole, or any part, of a member’s benefits have become payable under the scheme, the right which he acquires under paragraph 12(1) above is only to the cash equivalent of any of the benefits mentioned in that paragraph which have not become payable.

(2)

A member loses the right to any cash equivalent under this Part of this Schedule if the scheme is wound up.”.