Part 5Occupational and personal pension schemes: miscellaneous provisions
Short service benefit
I1263Increase in age at which short service benefit must be payable
1
In section 71 of the Pension Schemes Act 1993 (c. 48) (basic principle as to short service benefit), for subsection (3) substitute—
3
Subject to subsection (4), short service benefit must be made payable as from an age which is no greater than—
a
the age of 65, or
b
if in the member’s case normal pension age is greater than 65, normal pension age.
2
In section 72 of that Act (no discrimination between short service and long service beneficiaries), at the end add—
4
This section is subject to subsections (3) and (6) of section 71 (age at which short service benefit is to be payable).