The Electricity (Protected Persons) (England and Wales) Pension Regulations 1990

Provision of alternative scheme

14.—(1) If the application of the new employer under paragraph (2) of regulation 13 to participate in the Pension Scheme is refused, the new employer shall, so far as reasonably practicable, provide an alternative scheme for the benefit of the protected employee.

(2) For the purpose of paragraph (1) the future pension rights to be provided by the alternative scheme shall be–

(a) those provided by an existing alternative scheme of the new employer previously provided by that employer pursuant to these Regulations; or

(b) if no such scheme shall have been provided, no worse than the transfer date rights.

(3) If it shall not be reasonably practicable for the new employer to provide an alternative scheme under paragraph (1), he shall secure by other suitable means in accordance with regulation 9 that the protected employee continues to be able to acquire future pension rights at least equivalent to those required under paragraph (2).