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Amendment of section 56 of Pensions Act.
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63.—Section 56 of the Pensions Act is hereby amended by the substitution for subsection (6) of the following subsection:
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“(6) (a) Subsection (1) and paragraphs (a) and (b) of subsection (2) shall not apply to—
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(i) a scheme that is not a funded scheme, or
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(ii) a scheme, the only benefit under which is in respect of death prior to normal pensionable age, or
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(iii) a scheme, the members of which have been notified in writing by the trustees that service by a member in relevant employment after the date of the notification does not entitle the member to long service benefit under the scheme.
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(b) Paragraph (c) of subsection (2) shall not apply to—
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(i) a scheme that is a defined contribution scheme, or
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(ii) a scheme that is not a funded scheme, or
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(iii) a scheme the only benefit under which is in respect of death prior to normal pensionable age, or
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(iv) a scheme, the members of which have been notified in writing by the trustees that service by a member in relevant employment after the date of the notification does not entitle the member to long service benefit under the scheme.”.
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