SCHEDULE 3Transitional provisions

PART 3Exceptions for tapered protection members

Exception for tapered protection members during protection period

14.

(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 12 or 13.

(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.