Subject to the following provisions, the scheme must contain a rule by which any liabilities of the scheme in respect of:
(1) guaranteed minimum pensions1 and accrued rights2 to guaranteed minimum pensions;
(2) any such benefits as are excluded3 from earners'4 guaranteed minimum pensions; and
(3) pensions and other benefits (whether or not within head (1) or head (2) above) in respect of which entitlement to payment has already arisen,
are accorded priority on a winding up which is begun before 6 April 1997 over other liabilities under the scheme in respect of benefits attributable to any period of service
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