PART 4PENSION FUNDS AND EMPLOYERS PAYMENTS

Appropriate funds28

1

The appropriate fund for a member or a person who is entitled to any benefit in respect of a person who has been a member is–

a

in the case of an active member, the fund specified for a member of the description of such member in accordance with Schedule 4 (appropriate funds);

b

in the case of–

i

a deferred or pensioner member who is an active member on the commencement date or has been an active member since that date, the fund so specified for a member of the description of such member when the member ceases to be an active member; or

ii

a person who is entitled under the Benefits Regulations in respect of a member, the fund so specified for a member of the description of such member when the member ceased to be an active member;

c

in the case of any other deferred or pensioner member, the fund specified for such member by virtue of regulation 11 (appropriate funds) of the Transitional Regulations.

2

Where these Regulations or the Benefits Regulations refer to payments being made without referring to the fund to which or from which they are to be made, the reference is to payments being made to or from the fund which is the appropriate fund for the member in question.

3

Paragraph (2) does not apply where the payments made are benefits paid under an additional voluntary contributions scheme or a shared cost additional voluntary contributions scheme.