Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 17 July 2012 - onwards
  Version 2 of 2    

Regulation 14 Defined Benefit Scheme Improvements and reductions in retirement benefit

Subject to articles 22 and 36 where the basis of calculating retirement benefit under a defined benefit scheme is altered prior to the date of the decree the alteration shall be taken into account in calculating the designated benefit but where the basis is altered after the date of the decree the alteration shall not be taken into account in the calculation of the designated benefit unless the alteration is as a result of measures put in place by the trustees of a pension scheme pursuant to a direction under section 50 of the Act of 1990 and the direction is made on or after 1 June 2012.

Comparing proposed amendment...