Protection of increases in guaranteed minimum pensionsN.I.
This section has no associated Explanatory Memorandum
9.—(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)()(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.