This section has no associated Explanatory Memorandum
13. In this Schedule—
“the actuary” means the actuary appointed for the pension scheme in pursuance of subsection (1)(b) of section 47 of the Pensions Act 1995;
“the guarantee time” means the time immediately before the second transfer time;
“money purchase benefits” shall have the meaning given in section 181 of the Pension Schemes Act 1993(1);
“pensions legislation” shall have the meaning given in section 13 of the Pensions Act 2004;
“the pension scheme” means the Bradford & Bingley Staff Pension Scheme established by a trust deed and rules dated 24 April 1967;
“the segregation time” means the time immediately before the guarantee time.
(1)