Benefits to be providedU.K.
This section has no associated Explanatory Memorandum
87.—(1) The benefits to be provided to P in respect of a transfer payment into the principal scheme are—
(a)an annual pension payable to P from the same date and at the same intervals as P's pension under the principal scheme; and
(b)derivative benefits payable at the same intervals and to the same persons as the benefits under the principal scheme are payable.
(2) In this Chapter, “derivative benefit” means—
(a)a lump sum under regulation 25,
(b)a surviving adult's pension under regulation 36, and
(c)a children's pension under regulation 42.