SCHEDULES
SCHEDULE 5 Pension credits: mode of discharge
Appropriate rights
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For the purposes of this Schedule, rights conferred on the person entitled to a pension credit are appropriate if—
a
they are conferred with effect from, and including, the day on which the order, or provision, under which the credit arises takes effect, and
b
their value, when calculated in accordance with regulations made by the Secretary of State, equals the amount of the credit.