Interpretation of Chapter 1
This section has no associated Explanatory Memorandum
26. In this Chapter—
“added pension rights” means rights to alpha added pension or PCSPS added pension;
“alpha added pension” means benefits secured under Part 2 of Schedule 1 to the 2014 Regulations;
“PCSPS added pension” means benefits secured under—
(a)
rule C1.1 or C1.2 of Section I;
(b)
Section 14 of Section II;
(c)
rule D.4 or D.5 of Section III;
“periodic arrangement” means an arrangement under which a remedy member secures added pension rights by virtue of periodic voluntary contributions.