18U.K.The Pension Schemes Act 1993 is amended as follows.
Commencement Information
I1Sch. 8 para. 18 in force at 1.4.2014 for specified purposes by S.I. 2014/839, art. 4(3)
19(1)Section 71 (short service benefit) is amended as follows.U.K.
(2)In subsection (3), for “subsection (4)” there is substituted “ subsections (4) and (5A) ”.
(3)After subsection (5) there is inserted—
“(5A)Subsection (3) does not apply in relation to a scheme under section 1 of the Public Service Pensions Act 2013.”
Commencement Information
I2Sch. 8 para. 19 in force at 1.4.2014 for specified purposes by S.I. 2014/839, art. 4(3)
20U.K.In section 83 (scope of Chapter 2: revaluation of accrued benefits), after subsection (1A) there is inserted—
“(1B)The reference in subsection (1)(a)(iii) to normal pension age is to be read, in relation to a person who is an active or deferred member of a scheme under section 1 or 31(7) of the Public Service Pensions Act 2013, as—
(a)the member's normal pension age within the meaning of that Act, or
(b)the member's deferred pension age within the meaning of that Act, if that is later.
In this subsection “active member” and “deferred member”, in relation to such a scheme, have the meanings given by section 124(1) of the Pensions Act 1995.”
Commencement Information
I3Sch. 8 para. 20 in force at 1.4.2014 for specified purposes by S.I. 2014/839, art. 4(3)