SCHEDULES
SCHEDULE 32Registered pension schemes: benefit crystallisation events—supplementary
Benefit crystallisation event 3: excepted circumstances
10
For the purposes of benefit crystallisation event 3 “excepted circumstances” means—
a
that at the time when the annual rate of the individual’s pension is increased there are at least 50 pensioner members of the pension scheme, and
b
all the scheme pensions being paid under the pension scheme to all the pensioner members of the pension scheme are at that time increased at the same rate.