(1) Subject to section 37, this Part and the Second Schedule shall apply to any member of a scheme who has service in relevant employment after 1 January 1991.
(2) A member of a scheme whose service in relevant employment terminates otherwise than on death before normal pensionable age shall be entitled to a benefit (in this Act referred to as a 'preserved benefit') if -
(a) his service in relevant employment so terminates after 1 January 1991 but on or before 1 June 2002, and he has completed at least five years' qualifying service of which at least two such years fall after 1 January 1991, or
(b) his service in relevant employment so terminates after 1 June 2002, and he has completed at least two years' qualifying service which fall after 1 January 1991.