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Article 2(7)
1. Any pension rights—
(a)of a person who ceased to be a participant on or before 31st March 1994, or
(b)which derive (directly or indirectly) from the pension rights of such a person, and
which derive from any period of participation which ceased on or before 31st March 1994 shall be allocated to the 1994 Pensioners “A” Section of the transferee scheme.
2. Any pension rights—
(a)of a person who ceased to be a participant after 31st March 1994 but before 1st October 1994, or
(b)which derive (directly or indirectly) from the pensions rights of such a person, and
which derive from any period of participation which ceased after 31st March 1994 but before 1st October 1994 shall be allocated to the 1994 Pensioners “B” Section of the transferee scheme.
3.—(1) All other pension rights shall be allocated to the Open Section.
(2) For the purposes of this Schedule “Open Section” means the section of the transferee scheme to be established by the Board, which adopts the Rules of the Shared Cost Arrangement set out in that scheme.
4.—(1) Any person with pension rights which are allocated to the 1994 Pensioners “A” Section shall become a member of that section.
(2) Any person with pension rights which are allocated to the 1994 Pensioners “B” Section shall become a member of that scheme.
(3) Any person with pension rights which are allocated to the Open Section shall become a member of that section.
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