Insertion of new paragraphs 43A to 43C of Schedule 3

45.  After paragraph 43 of Schedule 3 insert—

“Calculation of a short-term child pension of an eligible child of a transition member

43A.— (1) This paragraph applies to a short-term child pension payment to a child of a transition member.

(2) The short-term rate of child pension—

(a) is payable under this scheme; but

(b) is not payable under regulation 98 of the existing scheme regulations.

Rate of a long-term child pension of an eligible child of a transition member

43B.   The long-term rate of a child pension of an eligible child (C) of a transition member is the sum of—

(a) the child pension under this scheme;

(b) the child pension under the existing scheme;

(c) any enhancement to which C is entitled under regulation 152 of these Regulations, and

(d) any enhancement to which C is entitled under Part 3 of Schedule 9 of the existing scheme regulations.

Reduction of child pension

43C.— (1) This paragraph applies if the eligible child (C) of a transition member applies—

(a) for payment of a child pension under this scheme; and

(b) for payment of a child pension under the existing scheme.

(2) The scheme manager may determine after taking advice from the scheme actuary that either or both of the following enhancement of child pension benefits are reduced—

(a) C’s enhancement of a child pension under regulation 152 of these Regulations;

(b) C’s enhancement of a child pension under Part 3 of Schedule 9 to the existing scheme benefits.”.