Limits on benefits21

For paragraph 24 of Schedule 2 substitute—

24

Any limitation on the amount of any age related benefit or death benefit payable from a scheme where the limitation—

a

relates to—

i

all members who joined, or who became eligible to join the scheme on, after or before a particular date; or

ii

any group or category of members who joined, or who became eligible to join the scheme on, after or before a particular date; and

b

results from imposing a maximum level of pensionable pay by reference to which the age related benefit or death benefit may be calculated.