PART 3Modification of early leaver and other provisions
Revaluation of preserved benefit8
1
Chapter 2 of Part 4 of the 1993 Act (protection for early leavers: revaluation of accrued benefits excluding guaranteed minimum payment) 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)11 (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 in relation to the new scheme; and
b
subsequent references in that Chapter to “the termination date” and the “pre-pension period” are to be construed accordingly.