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Status:
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
Exception for tapered protection members during protection period
This
adran has no associated
Memorandwm Esboniadol
17.—(1) This paragraph applies to a person (P) if P is a tapered protection member of the existing scheme by virtue of the application of either paragraph 14 or 15.
(2) The protection period for P is the period which—
(a)begins on the day after the scheme closing date; and
(b)ends when P ceases to be a tapered protection member.
(3) During the protection period—
(a)P’s pensionable service is pensionable service under the existing scheme;
(b)section 18(1) of the Act does not apply in respect of that pensionable service; and
(c)benefits are to be provided under the existing scheme to or in respect of P in relation to that pensionable service.
Yn ôl i’r brig