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SCHEDULE 3Transitional provisions

PART 2Exceptions for full protection members

Exception for full protection member during protection period

7.—(1) The protection period for a full protection member (P) is the period which—

(a)begins on the day after the scheme closing date; and

(b)ends when P ceases to be a full protection member.

(2) Section 18(1) of the Act does not apply to P during the protection period.

(3) During the protection period—

(a)P’s pensionable service is pensionable service under the existing scheme; and

(b)benefits are to be provided under that scheme to or in respect of P in relation to that pensionable service.