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5. In schedule 2 (transitional provision – the 85 year rule)(1)—
(a)in paragraph 1(1)—
(i)for head (a) substitute “(a) regulation 30(1) (elections for early payment) of the 1998 Regulations or regulation 30(1) (choice of early payment of pension) of the Benefits Regulations;”,
(ii)immediately preceding head (d), omit “or”, and
(iii)after head (d) insert—
“; or
(e)regulation 3(13) of these Regulations if the member is aged 60 or over at the date of making the request”,
(b)for paragraph 1(2) substitute—
“(2) Sub-paragraph (4) applies where—
(a)sub-paragraph (1)(c) would otherwise apply, but the member’s Scheme employer does not agree that paragraph 1(3) should apply; or
(b)sub-paragraph (1)(e) would otherwise apply, but the member is aged under 60 at the date of making the request.”,
(c)in paragraph 1(3)(a)—
(i)after “with” insert “regulation 30(4) of the 1998 Regulations,”,
(ii)after “2018 Regulations” insert “or regulation 3(13) of these Regulations”.
Schedule 2 was relevantly amended by S.S.I. 2019/161.
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