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”—
- (a)
for a full protection member of the existing scheme, has the meaning given in Part 2;
- (b)
for a tapered protection member of the existing scheme, has the meaning given in Part 3;
- (a)
“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—
- (a)
for a tapered protection member of F3the existing scheme, the day after the tapered protection closing date;
- (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;
- (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;
- (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
- (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.
- (a)
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)