“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 corresponding manner, by reference to his earnings at, or in the same period before, the date of termination of his relevant employment.
BASIC PRESERVED BENEFIT
2. (1) Where the basis of calculating long service benefit does not alter between 1 January 1991 or, if later, the date of commencement of the member's relevant employment and the date of termination of relevant employment the amount of basic preserved benefit shall be calculated in accordance with the formula—
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