A scheme1 must provide for short service benefit2 to be computed on the same basis as long service benefit3 and for that purpose, no account is to be taken of any rule making it (directly or indirectly) a condition of entitlement to benefit that pensionable service4 must have been of any minimum duration5. This computation requirement does not, however, apply to so much of any benefit as accrues at a higher rate, or otherwise more favourably, in the case: (1) of members6 with a period of pensionable service of some specified minimum length; or (2) of members remaining in
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN TAKE A FREE TRIAL
0330 161 1234