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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 May 2012 - onwards
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40. Interpretation (Part IV).

In this Part and the Third Schedule, except where the context otherwise requires -

"additional resources" means, on any date, resources in addition to the resources used to determine whether the scheme satisfies the funding standard on the same date;

"funding proposal" has the meaning assigned to it in section 49;

"index-linked benefits" means benefits which, under the rules of a scheme, are increased while in payment at a rate wholly or partly linked to increases in an index of the cost of living or of wages or salaries or increases in salaries actually or notionally payable to serving employees in the relevant employment;

"certified percentage" means a percentage specified for the purposes of section 45(4);

"specified percentage" has the meaning assigned to it by section 44.

Comparing proposed amendment...