SCHEDULE 14 The Electricity Supply Pension Scheme
Protection for certain persons
3
(1)
Subject to sub-paragraph (3) below, this sub-paragraph applies to—
(a)
any existing employee who, immediately before the transfer date, is a participant in the scheme;
(b)
any existing employee who, after that date, participates in the scheme within three months of his attaining the minimum age for such participation;
(c)
any former participant who, after that date, participates in or acquires pension rights under the scheme in such circumstances as may be prescribed by regulations under paragraph 2 above; and
(d)
any person who participates in the scheme in pursuance of regulations made under paragraph 1(1)(a)(i) or (ii) above.
(2)
Subject to sub-paragraph (3) below, this sub-paragraph applies to—
(a)
any person not falling within sub-paragraph (1)(c) above who, immediately before the transfer date, is not a participant in the scheme but has pension rights under the scheme; and
(b)
any person who, after that date, acquires pension rights under a relevant scheme by reason of the death of a person falling within sub-paragraph (1) or paragraph (a) above,
but only as respects the pension rights by virtue of which he falls within paragraph (a) or (b) above.
(3)
Any person to whom sub-paragraph (1) or (2) above applies may elect in such manner as may be prescribed by regulations under paragraph 2 above that that sub-paragraph shall cease to apply to him; and if any person to whom sub-paragraph (1) above applies—
(a)
ceases to be in continuous employment; or
(b)
voluntarily withdraws from a relevant scheme,
otherwise than in such circumstances as may be so prescribed, that sub-paragraph shall cease to apply to him except as respects pension rights which have accrued to him before that time.