xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

SCHEDULE 23U.K. OCCUPATIONAL PENSION SCHEMES: SCHEMES APPROVED BEFORE 23rd JULY 1987 M1

Marginal Citations

M1Source—1987 (No. 2) c. 51, Sch.3 Pt. II

Accelerated accrualU.K.

2(1)This paragraph applies where an employee becomes a member of the scheme on or after 17th March 1987.

(2)Notwithstanding anything to the contrary in the rules of the scheme, they shall have effect as if they did not allow the provision for the employee of a pension exceeding one-thirtieth of his relevant annual remuneration for each year of service up to a maximum of 20.

Modifications etc. (not altering text)

C1 See S.I.1988 No.1436 (in Part III Vol.5)for circumstances when paras.2-4, 5(2), 5(3), 6and 7disapplied and when para.2modified.