2A
In forceClosure of scheme to new entrants on and from 19 December 1992
Part 1Preliminary
2A Closure of scheme to new entrants on and from 19 December 1992
(1)
Despite any other provision of this Act, an employee is not entitled to make an election to contribute to the Fund on or after 19 December 1992 (the closure date).
(2)
However, a person who lodged an election to contribute to the Fund with the Board, or with the person’s employer, before the closure date is taken to have elected to contribute to the Fund before that date and this Act applies accordingly.
(3)
An election that was sent to the Board or employer, by post or otherwise, before the closure date is taken to have been lodged with the Board before that date.
This Act’s bill:Explanatory memorandum
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