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SCHEDULE 2E+W+SPension schemes

Part 2E+W+SExcepted rules, practices, actions and decisions relating to occupational pension schemes

[F1Closure of sections of schemesE+W+S

25A.(1) The closure of any section of a scheme, from a particular date, to workers who have not already joined it.

(2) For the purposes of paragraph (1)—

(a)a scheme may be divided into two or more sections, and

(b)a section of a scheme shall mean any of the groups in sub-paragraph (3).

(3) A section of a scheme shall mean any of the following—

(a)any group of members who became eligible to join, or who joined, the scheme on, after or before a particular date on the basis that particular benefits will be provided to or in respect of those members or that a particular level of contributions will be paid in respect of those members; or

(b)any group of members who became eligible to join, or who joined, the scheme as a result of a block transfer or relevant transfer.]

Textual Amendments