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Paragraph 1 Interpretation

England and Wales

In this Schedule—

  • “exception” means an exception to section 18(1) of the Act;

  • “existing Fair Deal arrangements” means the arrangements by which a person (P) is a member of an occupational pension scheme comparable to the existing scheme and into which P's employer pays contributions in respect of P, following a TUPE transfer from an employer mentioned in Parts 2, 3 or 4 of Schedule 1;

  • F1“final salary benefits” means the benefits accrued in a final salary scheme in respect of which the pension entitlement payable to or in respect of a person’s pensionable service is or may be determined by reference to the person’s final salary;

  • F2...

  • “full protection member”, in relation to the existing scheme, has the meaning given in Part 2;

  • “protected member”, in relation to the existing scheme, means a full protection member or tapered protection member of that scheme;

  • “protection period”—

    1. (a)

      for a full protection member of the existing scheme, has the meaning given in Part 2;

    2. (b)

      for a tapered protection member of the existing scheme, has the meaning given in Part 3;

  • “public service scheme” means a scheme under section 1 of the Act;

  • “scheme closing date”, in relation to the existing scheme, means 31st March 2015;

  • “tapered protection member”, in relation to the existing scheme, has the meaning given in Part 3;

  • “tapered protection closing date” has the meaning given in paragraph 4;

  • “transition date” means—

    1. (a)

      for a tapered protection member of F3the existing scheme, the day after the tapered protection closing date;

    2. (aa)

      F4for a full protection member of the existing scheme to whom a retirement pension has become payable under the existing scheme, means the day on which that member becomes an active member of this scheme;

    3. (ab)

      F5for a full protection member of the existing scheme other than a full protection member described in sub-paragraph (aa), means 1st April 2022;

    4. (b)

      for a transition member by virtue of the application of paragraph 21 who is not a protected member of the existing scheme, the day after the scheme closing date; and

    5. (c)

      for a transition member by virtue of the application of paragraph 22 who is not a protected member of the existing scheme, the day after the Fair Deal transfer date.

Annotations

Textual amendments

F1

Words in Sch. 3 para. 1 inserted (1.4.2022) by The Teachers’ Pension Scheme (Amendment) Regulations 2022 (S.I. 2022/320), regs. 1(2), 2(2)(a)

F2

Words in Sch. 3 para. 1 omitted (1.4.2015) by virtue of The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 32(a)

F3

Words in Sch. 3 para. 1 substituted (1.4.2015) by The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 32(b)

F4

Words in Sch. 3 para. 1 inserted (with effect from 1.4.2015) by The Teachers Pensions Schemes (Amendment) Regulations 2019 (S.I. 2019/1134), reg. 1(1)(4), 29(a)

F5

Words in Sch. 3 para. 1 inserted (1.4.2022) by The Teachers’ Pension Scheme (Amendment) Regulations 2022 (S.I. 2022/320), regs. 1(2), 2(2)(b)