SCHEDULE 3Transitional provisions
PART 1Interpretation
Meaning of “active member of existing scheme”2
1
For the purpose of this Schedule, a person (P) is an active member of the existing scheme on a given date if on that date—
a
P is in pensionable service under the existing scheme; or
b
P is on a gap in service not exceeding 5 years.
2
A person who is an active member of the existing scheme on the scheme closing date ceases to be an active member of that scheme on the earlier of—
a
the day on which a retirement pension (other than a phased retirement pension) becomes payable to P under the existing scheme; or
b
the day on which P begins a gap in service which—
i
begins after the scheme closing date; and
ii
exceeds 5 years.