Paragraph 21A Winding down employmentF1

(1)

Sub-paragraph (2) applies where—

(a)

a transition member (P) is in winding down employment under regulation J2 of the 2005 Regulations immediately before P’s transition date; and

(b)

at the time of completing pensionable service under this scheme, P would still have been regarded as being in winding down employment had P remained as an active member of the existing scheme.

(2)

For the purpose of calculating benefits payable under the existing scheme, P’s final salary will be determined by reference to regulation E34(15) of the 2005 Regulations.

Annotations

Textual amendments

F1: Sch. 3 para. 21A inserted (1.4.2015) by The Teachers’ Pension Scheme (Scotland) Amendment Regulations 2015 (S.S.I. 2015/97), regs. 1, 35