75 Meaning of “cash balance benefit”
Pension Schemes Act 2015 (2015 c 8) | Legislation

75  Meaning of “cash balance benefit”

(1)     In this Part “cash balance benefit”, in relation to a member of a pension scheme or a survivor of a member, means a benefit calculated by reference to an amount available for the provision of benefits to or in respect of the member (“the available amount”) where there is a promise about that amount.

(2)     But a benefit is not

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