Protection of pension rights: meaning of “protected person"U.K.
5U.K.In this Schedule “protected person” means—
(a)any person who immediately before the passing of this Act—
(i)is an employee of the Board or of a subsidiary of the Board; and
(ii)is participating in an existing scheme;
(b)any person not falling within paragraph (a) above—
(i)who either is, immediately before the passing of this Act, an employee of the Board or of a subsidiary of the Board or has at some earlier time been such an employee;
(ii)who has participated in an existing scheme before the passing of this Act; and
(iii)who fulfils prescribed conditions;
(c)any person who, immediately before the passing of this Act, has pension rights under an existing scheme but is not participating in that scheme;
(d)any person who, after the passing of this Act, acquires pension rights—
(i)in consequence of the death of a person falling within paragraph (a), (b) or (c) above, and
(ii)by virtue of the participation of that other person in an existing scheme, or in an occupational pension scheme from which pension rights of that person have been transferred, whether directly or indirectly, to an existing scheme.