79. Part 3A of the Pension Schemes Act (safeguarded rights) ceases to have effect.
80.—(1) Schedule 1, which—
(a)amends Schedule 2 to the Pension Schemes Act (methods of revaluing accrued pension benefits),
(b)amends Schedule 6 to the 2005 Order (pension compensation provisions), and
(c)makes consequential amendments,
has effect.
(2) The amendments made by Parts 1 and 3 of Schedule 1 do not apply in relation to a revaluation period ending before this section comes into operation.
(3) In subsection (2) “revaluation period” has the same meaning as in paragraph 2(2) of Schedule 2 to the Pension Schemes Act.