SCHEDULES

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.