264 Early leavers: cash transfer sums and contribution refunds
Pensions Act 2004 (2004 c 35) | Legislation

Early leavers

264  Early leavers: cash transfer sums and contribution refunds

After section 101 of the Pension Schemes Act 1993 insert—

“Chapter 5
Early Leavers: Cash Transfer Sums and Contribution Refunds
101AA Scope of Chapter 5

(1)     This Chapter applies to any member of an occupational pension scheme to which Chapter 1 applies (see section 69(3)) if—

(a)     his pensionable service terminates before he attains normal pension age, and

(b)     on the date on which his pensionable service terminates—

(i)     the three month condition is satisfied, but

(ii)     he does not have relevant accrued rights to benefit under the scheme.

(2)     For the purposes of subsection (1), the three month condition is that the period of the member's pensionable service under the scheme, taken together with—

(a)     any previous period of his pensionable service under the scheme, and

(b)     any period throughout which he was employed in linked qualifying service under another scheme,

amounts to at least three months.

(3)     A period counts for the purposes of paragraph (a) or (b) of subsection (2) only so far as it counts towards qualification for long service benefit within the meaning of Chapter 1.

(4)     For the purposes of subsection

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