SCHEDULE 3Transitional provisions
PART 3Exceptions for tapered protection members
Meaning of “tapered protection member”9
1
A person (P) is a tapered protection member of an existing scheme on the scheme closing date if—
a
on that date, P is an active member of the existing scheme;
b
on 31st March 2012, P was an active member of the existing scheme; and
c
unless P dies, P would reach normal pension age under the existing scheme between 2nd April 2022 and 30th September 2025 (inclusive).
2
P ceases to be a tapered protection member on whichever of the following days occurs first—
a
P’s closing date; or
b
the day on which P ceases to be an active member of the existing scheme.
Exception for tapered protection members during protection period10
1
The protection period for a tapered protection member is the period which—
a
begins on the day after the scheme closing date; and
b
ends when P ceases to be a tapered 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.
Tapered protection member not eligible to join this scheme11
While a person (P) is a tapered protection member, P is not eligible to be a member of this scheme.