SCHEDULE 3Modifying provisions and amendments

PART 2Modification of early leaver and other provisions

Transfer values8

1

Chapter 4 of Part 4 of the 1993 Act (protection for early leavers: transfer values) is modified as follows.

2

In the application of that Chapter to P as a member of the old scheme, in—

a

section 89(1)(a) F1 (scope of Chapter 4),

b

section 93(3)(a) (calculation of cash equivalents), and

c

section 94(1A) and (3) F2 (variation and loss of rights under section 90),

a reference to termination of P's pensionable service is to be taken as a reference to termination of P's pensionable service in relation to this scheme.