Public body pension schemes

Existing public body pension schemes: pension age
32
1
A public body pension scheme established before the coming into force of this section may include—
a
provision securing that the normal and deferred pension age of a person under the scheme is—
i
the same as the person's state pension age, or
ii
65, if that is higher, and
b
provision securing that changes in the person's normal or deferred pension age occurring in consequence of provision under paragraph (a) apply in relation to relevant accrued benefits (as well as other benefits).
2
In subsection (1)(b) “relevant accrued benefits”, in relation to a person and a scheme, means benefits accrued after the coming into force of the provision under subsection (1) which may be paid to or in respect of the person under the scheme and to which the normal or deferred pension age is relevant.
3
This section does not apply to a public body pension scheme which relates to a devolved body or office.
S. 32 in force at 1.4.2015 by S.I. 2015/4, art. 5(1)(2)(c)