SCHEDULE 3Modifying provisions and amendments
PART 1Modification of early leaver and other provisions
Revaluation of preserved benefit
3.
(1)
Chapter 2 of Part 4 of the PSA 1993 (protection for early leavers: revaluation of accrued benefits) is modified as follows.
(2)
In the application of Chapter 2 for the purpose of revaluing benefit payable to or in respect of P under the old scheme—
(a)
in section 83(1)(a)(ii)51 (scope of Chapter 2), the reference to the date on which P’s pensionable service ends is to be taken as a reference to the date on which P’s pensionable service ends under this scheme; and
(b)
subsequent references in that Chapter to “the termination date” and the “pre-pension period” are to be construed accordingly.