- active member
has the meaning given in section 124(1) of the Pensions Act 1993, and
- Bank of England base rate
means—
- guarantee date
has the meaning assigned to it by article 20(2);
- guaranteed cash equivalent transfer payment
has the meaning assigned to it by article 21(2);”
- index
means the retail prices index, as defined for the purposes of the Income Tax Acts by section 833(2) of the Taxes Act 1988 and, except in paragraphs (1B) and (1C) of this article, references to the index at any time are to the index for the calendar month three months before that time;”
- joining date
means the day on which the applicant becomes a participant or, if the person has become a participant more than once, the day on which he last becomes a participant before the application, • “personal pension scheme” has the meaning given in that section, • “relevant date” means the joining date of the applicant or 6th April 2006, whichever is the later, and • “voluntary contribution rights” means rights under an occupational pension scheme that derive from voluntary contributions made by the applicant.
- occupational pension scheme
has the meaning given in section 1 of the Pensions Act 1993;” “• “registered pension scheme” has the same meaning as in Part 4 of the Finance Act 2004 (see section 150(2) of that Act);” “• “voluntary contribution rights”, in relation to a person, means rights under an occupational pension scheme that derive from voluntary contributions made by the person;”
- pension commencement lump sum
has the meaning given in paragraph 1 of Schedule 29 to the Finance Act 2004;
- personal pension scheme
has the meaning given in section 1 of the Pensions Act 1993;”
- protected individual
has the meaning assigned to it by regulation 31A(2);”
- public sector transfer arrangements
means arrangements approved by the Managers as providing reciprocal arrangement for the payment and receipt of transfer values between the scheme and other occupational pension schemes.
- registered pension scheme
has the same meaning as in Part 4 of the Finance Act 2004 (see section 150(2) of that Act);” “• “voluntary contribution rights”, in relation to a person, means rights under an occupational pension scheme that derive from voluntary contributions made by the person;”
- the appropriate period
means the period so calculated.
- the article 16 gratuity
means the gratuity that the Managers could have granted the pensioner’s personal representatives under article 16 if the pensioner had died immediately before he last ceased to be a participant, and • “the paid pension amount” means the aggregate amount of the payments made to the pensioner by way of pension under article 7, 10 or 11, together with any lump sum paid to him under article 8. 4 1 This paragraph applies if a pensioner dies after reaching the age of 75 leaving no person for whose benefit any amount is payable as a pension under article 14 (by virtue of a direction of the Managers under article 14(4)), nor any adult survivor. 2 If the pensioner— a was a p
- the assumed article 16 gratuity
means the gratuity that the Managers could have granted the pensioner’s personal representatives under article 16 if the pensioner had died immediately before he last ceased to be a participant and had not reached the age of 75, • “the paid pension amount” means the aggregate amount of the payments made to the pensioner by way of pension under article 7, article 10 or article 11, together with any lump sum paid to him under article 8, • “the pension shortfall period” means the shortest period in which an amount at least equal to the guarantee shortfall will be paid if— (a) payments of amounts equal to the pension payments payable to the pensioner under this
- the AVC Order
means the European Parliamentary (United Kingdom Representatives) Pensions (Additional Voluntary Contributions Scheme) (No 2) Order 1995.
- the guarantee date
means any date that— In counting the period of 10 days referred to in sub-paragraph (d), Saturdays, Sundays, Christmas Day, New Year’s Day and Good Friday are excluded.
- the paid pension amount
means the aggregate amount of the payments made to the pensioner by way of pension under article 7, 10 or 11, together with any lump sum paid to him under article 8. 4 1 This paragraph applies if a pensioner dies after reaching the age of 75 leaving no person for whose benefit any amount is payable as a pension under article 14 (by virtue of a direction of the Managers under article 14(4)), nor any adult survivor. 2 If the pensioner— a was a pensioner on 5th April 2006, and b dies during the pensioner’s five year period (see paragraph1(4)), then, unless a pension is granted under sub-paragraph (4), a lump sum is payable to the pensioner’s personal representatives th
- the pension shortfall period
means the shortest period in which an amount at least equal to the guarantee shortfall will be paid if— (a) payments of amounts equal to the pension payments payable to the pensioner under this Order immediately before his death are made at the same intervals as those at which those pension payments were paid to him, and (b) the first payment is made on the date on which the first payment of a pension granted to the personal representatives under this paragraph would be made, and • “the pensioner’s ten year period” means the period of ten years beginning with the day on which the pensioner became entitled to the pension under article 7 (including an early retir
- the Principal Order
means the European Parliamentary (United Kingdom Representatives) Pensions (Consolidation and Amendment) Order 1994;
- the required period
means—
- voluntary contribution rights
means rights under an occupational pension scheme that derive from voluntary contributions made by the applicant.