SCHEDULE 2Pension schemes
Part 2Excepted rules, practices, actions and decisions relating to occupational pension schemes
Other rules, practices, actions and decisions relating to benefitF119A
1
Any differences in—
a
the fraction of pensionable pay at which any age related benefit accrues, or
b
the amount of death benefit,
to or in respect of active or prospective members of a scheme where the differences are attributable to the aim specified in sub-paragraph (2).
2
The aim referred to in sub-paragraph (1) is that members in a comparable situation will have the right to age related benefit or death benefit equal to the same fraction, proportion or multiple of pensionable pay—
a
without regard to each member’s length of pensionable service under the scheme, and
b
provided that each member continues in pensionable service under the scheme until normal pension age.
3
Any differences in age related benefits which accrue, or entitlement to any death benefits which arises, to or in respect of active or prospective members of a scheme who are in a comparable situation where—
a
those differences are attributable to the aim specified in sub-paragraph (2), and
b
the member’s pensionable service under the arrangement ceases before normal pension age.
4
Where sub-paragraph (1) applies, any limitation on the amount of any age related benefit or death benefit payable from a scheme where the limitation arises from imposing one or both of the following—
a
a maximum amount on the age related benefit or death benefit which is equal to a fraction, proportion or multiple of the member’s pensionable pay, or
b
a minimum period of pensionable service.