SCHEDULES
F2SCHEDULE 3A Annual Increase in Rate of Certain Occupational Pensions
F1 Interpretation
Sch. 3A repealed (7.2.1994) by 1993 c. 48, s. 188(1), Sch. 5 Pt.I; S.I. 1994/86, art. 2
1
In this Schedule—
“annual rate”, in relation to a pension or the later or earlier service component of a pension, means the annual rate of the pension or component, as previously increased under the rules of the scheme or this Schedule;
“the appointed day” means the day on which this Schedule and section 58A of this Act come into force;
“the appropriate percentage”, in relation to an increase in the annual rate of a pension or a component of a pension, means the percentage specified in the last revaluation order made before the increase is to take effect as the revaluation percentage for the last revaluation period of twelve months;
“earlier service component” means so much (if any) of the annual rate of the pension as is attributable to pensionable service before the appointed day;
“later service component” means so much (if any) of the annual rate of the pension as is attributable to pensionable service on or after the appointed day;
“pension”, in relation to a scheme, means any pension which commences or has commenced under the scheme but does not include—
- a
a guaranteed minimum pension or any increase in such a pension under section 37A above; or
- b
any money purchase benefit;
- a
“pensionable service” has the meaning given by paragraph 3 of Schedule 16 to the 1973 Act;
“qualifying scheme” means a scheme to which section 58A of this Act applies;
“revaluation order”, “revaluation percentage” and “revaluation period” shall be construed in accordance with section 52A above.
Sch. 3A inserted (prosp.) by Sch. 2 to Social Security Act 1990 (c. 27)