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Paragraph 14 I1I2

United Kingdom

For the purposes of paragraphs 11 and 13 as they apply in relation to an Affected Member, actuarial value is maintained if the actuarial value, immediately after the time at which the modification takes effect, of the Affected Member’s RMSPS Subsisting Rights is equal to or greater than the actuarial value of that person’s RMSPS Subsisting Rights immediately before that time.

Annotations

Commencement

I1

Sch. 2 para. 14 not in force at made date, see art. 1(3)

I2

Sch. 2 para. 14 in force at 1.4.2012 by S.I. 2012/966, arts. 2, 3(a)