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.