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Transfer values
This section has no associated Explanatory Memorandum
11.—(1) Chapter 4 of Part 4 of the 1993 Act (protection for early leavers: transfer values) is modified as follows.
(2) In the application of that Chapter to P as a member of the old scheme, in—
(a)section 93(1)(a)() (scope of Chapter 4),
(b)section 97(3)(a) (calculation of cash equivalents), and
(c)section 98(1A) and (3)() (variation and loss of rights under section 94),
a reference to termination of P’s pensionable service is to be taken as a reference to termination of P’s pensionable service in relation to the new scheme.
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