Increase in age at which short service benefit must be payableN.I.
This
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Memorandwm Esboniadol
240.—(1) In section 67 of the Pension Schemes Act (basic principle as to short service benefit), for subsection (3) substitute—
“(3) Subject to subsection (4), short service benefit must be made payable as from an age which is no greater than—
(a)the age of 65, or
(b)if in the member's case normal pension age is greater than 65, normal pension age.” .
(2) In section 68 of that Act (no discrimination between short service and long service beneficiaries), at the end add—
“(4) This section is subject to subsections (3) and (6) of section 67 (age at which short service benefit is to be payable).” .