PART 3Modification of early leaver and other provisions

F1Protection of increases in guaranteed minimum pensions9.

(1)

Chapter 3 of Part 4 of the 1993 Act (protection for early leavers: protection of increases in guaranteed minimum pensions (“anti-franking”)) is modified as follows.

(2)

In the application of that Chapter to P as a member of the old scheme—

(a)

in section 83(1)(a)(i)11 (general protection principle), the reference to the time when P ceases to be in contracted-out employment by reference to a scheme is to be taken as a reference to the time when P ceases to be in employment which is contracted-out by reference to the new scheme; and

(b)

subsequent references to “the cessation date” are to be construed accordingly.