PART 3Modification of early leaver and other provisions
Cash transfer sums and contribution refundsI112
1
Chapter 5 of Part 4 of the 1993 Act16 (protection for early leavers: cash transfer sums and contribution refunds) is modified as follows.
2
In the application of that Chapter to P as a member of the old scheme—
a
in section 97AA(1)(a) and (b) (scope of Chapter 5), 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 the new scheme;
b
in section 97AA(2), a reference in the opening words and in paragraph (a) to P’s pensionable service under the scheme is to be taken as a reference to P’s pensionable service either for the old scheme or for the old and new schemes taken together; and
c
in section 97AB(1) and (3)(right to cash transfer sum and contribution refund), 97AC(1) and (2)(a) (notification of right to cash transfer sum or contribution refund) and 97AI(7)(rights under section 97AB: definition of “reply date”), 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 the new scheme.
3
In the application of that Chapter to P as a member of the new scheme, in section 97AA(2)a reference in the opening words and in paragraph (a) to P’s pensionable service under the scheme is to be taken as a reference to P’s pensionable service either for the new scheme or for the old and new schemes taken together