SCHEDULES

SCHEDULE 12Minor and consequential amendments

Welfare Reform and Pensions Act 1999 (c. 30)

77

I11

Schedule 5 (pension credits: mode of discharge) is amended as follows.

I22

In paragraph 8(1)(b), for the words from “section 56” to “related schemes)” substitute “ Part 3 of the Pensions Act 2004 (scheme funding) ”.

I13

After paragraph 13 insert—

13A

The provisions of this Schedule are subject to—

a

section 73A(3) and (6) of the Pensions Act 1995 (prohibition on new members during winding up of scheme: exception for discharge of pension credit derived from the scheme), and

b

section 133(2) and (8) of the Pensions Act 2004 (prohibition on new members during an assessment period in relation to a scheme: exception for discharge of pension credit derived from the scheme).