Paragraph 3

(1)

Those assets which represent the accumulated value of—

(a)

any additional voluntary contributions made by a person who, immediately before 1st October 1994, is a participant or deferred pensioner in relation to the transferor scheme; and

(b)

any contributions made (or deemed to have been made) by the employer of such a person under rule 12A of the transferor scheme in respect of such contributions;

shall be allocated to the section to which the pension rights in respect of which the contributions were made are allocated by Schedule 2 to this Order.

(2)

Assets having a value equal to the amount of any contributions, other than those referred to in sub-paragraph (1) of this paragraph, made by an employer in respect of any period between 1st April 1993 and 30th June 1994 shall be allocated to the Open Section.