Pensions (Amendment) Act, 2002

Amendment of section 28 of Principal Act.

17.—Section 28 of the Principal Act is amended—

(a) by the substitution in subsection (1) for “the commencement of this Part” of “1 January 1991”, and

(b) by the substitution for subsection (2) of the following subsection—

“(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.”.