34.—(1) This regulation applies when an active member of this scheme becomes a deferred member of this scheme.
(2) The scheme manager must—
(a)close the active member’s account for the period of service in relation to which the member becomes a deferred member; and
(b)establish a pension account for the deferred member for that period of service.
(3) For the purpose of these Regulations, an account established under paragraph (2)(b) is called a deferred member’s account.
Commencement Information
I1Reg. 34 in force at 1.4.2022, see reg. 1(4)