Paragraph 5 I1

For the purposes of this Schedule, rights conferred on the person entitled to a pension credit are appropriate if—

(a)

they are conferred with effect from, and including, the day on which the order, or provision, under which the credit arises takes effect, and

(b)

their value, when calculated in accordance with regulations made by the Secretary of State, equals the amount of the credit.

Annotations

I1: Sch. 5 para. 5 wholly in force at 1.12.2000; Sch. 5 para. 5 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 5 para. 5 in force at 1.12.2000 insofar as not already in force by S.I. 2000/1047, art. 2(2)(d), Sch. Pt. IV