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PART 3Modification of early leaver and other provisions

Protection of increases in guaranteed minimum pensions

9.—(1) Chapter 3 of Part 4 of the 1993 Act (protection for early leavers: protection of increases in guaranteed minimum pensions (“anti-franking”)) is modified as follows.

(2) In the application of that Chapter to P as a member of the old scheme—

(a)in section 83(1)(a)(i)(1)(general protection principle), the reference to the time when P ceases to be in contracted-out employment by reference to a scheme is to be taken as a reference to the time when P ceases to be in employment which is contracted-out by reference to the new scheme; and

(b)subsequent references to “the cessation date” are to be construed accordingly.

(1)

Section 83 was amended by section 13(3)(a) of, and paragraphs 1 and 28 of Schedule 4 to, the Pensions Act (Northern Ireland) 2008 (c.1 (N.I.)) .