Paragraph 3 Meaning of “tapered protection closing date”I1

United Kingdom

(1)

The tapered protection closing date for a tapered protection member of the PCSPS other than a member to whom paragraph 9(5) or 27 applies is—

(a)

if the member exercises the option under Part 4 of this Schedule, the scheme closing date; or

(b)

if the member does not exercise that option, a date between 31st May 2015 and 31st January 2022 (inclusive) determined by the scheme manager by reference to a table published for that purpose.

(2)

A tapered protection closing date determined under sub-paragraph (1)(b) must fall on the last day of a month.

(3)

The tapered protection closing date for a tapered protection member of the PCSPS to whom paragraph 9(5) or 27 applies is a date F1before 1st April 2022 determined by the scheme manager.

Annotations

Textual amendments

F1: Words in Sch. 2 para. 3(3) inserted (1.4.2022) by The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations 2022 (S.I. 2022/330), regs. 1(2), 7(3)

Commencement

I1: Sch. 2 para. 3 in force at 15.8.2014, see reg. 1(2)