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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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Second Schedule Preservation and Revaluation of Benefits and Minimum Value of Contributory Retirement Benefit

Section 29.

Part A Preservation of Benefits

Calculation of Preserved Benefit - Defined Benefit Scheme

1.

(1) In the case of a defined benefit scheme, a preserved benefit shall consist of -

(a) basic preserved benefit calculated under paragraph 2, and

(b) preserved benefit in respect of additional long service benefit provided by additional voluntary contributions calculated under paragraph 3, and

(c) preserved benefit in respect of additional long service benefit provided by a transfer of accrued rights from another scheme, and

(d) in the case of a member of the scheme who is entitled to preserved benefit under section 28(2)(b), additional preserved benefit calculated under paragraph 4.

(2) Where a scheme provides for benefits to be calculated in relation to a member's pensionable earnings at, or in a specified period prior to his attaining, normal pensionable age or on earlier death, or in some other way relative to such earnings, preserved benefit shall be calculated, in a correspond

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