382. Basic principle as to short service benefit.

382.     Basic principle as to short service benefit.

A scheme1 must make such provision that where a member's2 pensionable service is terminated before normal pension age3 and:

  1.  

    (1)     he has at least two years' qualifying service4;

  2.  

    (2)     he has at least 30 days' qualifying service and, if he were entitled to benefit because of this provision, all of it would necessarily be money purchase benefit5; or

  3.  

    (3)     a transfer payment in respect of his rights under a personal pension scheme6 has been made to the scheme7,

he is entitled to benefit8 consisting of or comprising benefit of any