SCHEDULES

F1P1SCHEDULE 16 Requirements as to preservation of benefit under occupational pension schemes

Annotations:
Amendments (Textual)
Subordinate Legislation Made
P1

Sch. 16: for exercises of power see Index to Government Orders

Part I

Interpretation

2

“Scheme” means an occupational pension scheme; and in relation to a scheme—

a

“relevant employment” means any employment to which the scheme applies;

b

“long service benefit” means the benefits which will be payable under the scheme, in accordance with legal obligation, to or in respect of a member of the scheme on the assumption that he remains in relevant employment F2, and continues to render service which qualifies him for benefits,until he attains normal pension age;

and in paragraph (b) above “benefits” means retirement benefit for the member himself at normal pension age or benefit for F3the member’s wife or husband, widow or widower, or dependants, or others, on his attaining that age or his death thereafter, or both such descriptions of benefit.