SCHEDULE 3Transitional provisions

PART 1Interpretation

Interpretation1

In this Schedule—

  • “exception” means an exception to section 18(1) of the Act;

  • “existing Fair Deal arrangements” means the arrangements by which a person (P) is a member of an occupational pension scheme comparable to the existing scheme and into which P’s employer pays contributions in respect of P, following a TUPE transfer from an employer mentioned in Parts 2, 3 or 4 of Schedule 1;

  • “existing scheme rules” means the provisions of the existing scheme, an existing club scheme or an existing public service scheme;

  • “full protection member”, in relation to the existing scheme, has the meaning given in Part 2;

  • “protected member”, in relation to the existing scheme, means a full protection member or tapered protection member of that scheme;

  • “protection period”—

    1. a

      for a full protection member of the existing scheme, has the meaning given in Part 2;

    2. b

      for a tapered protection member of the existing scheme, has the meaning given in Part 3;

  • “public service scheme” means a scheme under section 1 of the Act;

  • “scheme closing date”, in relation to the existing scheme, means 31st March 2015;

  • “tapered protection member”, in relation to the existing scheme, has the meaning given in Part 3;

  • “tapered protection closing date” has the meaning given in paragraph 4;

  • “transition date” means—

    1. a

      for a tapered protection member of an existing scheme, the day after the tapered protection closing date;

    2. b

      for a transition member by virtue of the application of paragraph 21 who is not a protected member of an existing scheme, the day after the scheme closing date; and

    3. c

      for a transition member by virtue of the application of paragraph 22 who is not a protected member of the existing scheme, the day after the Fair Deal transfer date.