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4. Regulation C15 of the principal Regulations is amended—
(a)by substituting for paragraph (1) the following paragraph—
“(1) This regulation applies to a person who—
(a)(i)ceases to be employed by a scheduled body, and
(ii)on so ceasing to be employed does not become entitled to a retirement pension;
or
(b)(i)ceases to be a pensionable employee by virtue of a notification under regulation B3, and
(ii)on so ceasing to be a pensionable employee has completed less than an aggregate of 2 years' reckonable service and qualifying service; and does not, within one month and one day thereafter become a pensionable employee with any scheduled body; or
(c)though not ceasing to be employed, ceases to be a pensionable employee.”;
(b)by deleting paragraphs (4) and (5);
(c)in paragraph (7), by substituting for the words “paragraphs (3) and (4) do” the words “paragraph (3) does”;
(d)in paragraph 10(a), by deleting the words “ and not having given a notice under paragraph (4)”;
(e)by deleting paragraph 10(b);
(f)by inserting after paragraph (10)(d) the following paragraph—
“or
(e)to a person in relation to whom a transfer value from the trustees or managers of a personal pension scheme or self-employed pension arrangement has been and remains credited to the fund.”;
(g)in paragraph (11)—
by inserting after the words “one month and two days after the termination of the employment” the words “or, in the case of a person referred to in paragraph (1)(b), after the notification given under regulation B3.”.
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