[51ZB Meaning of “cash balance benefit”]
Pensions Act 1995 (1995 c 26) | Legislation

[51ZB  Meaning of “cash balance benefit”]

[(1)     For the purposes of section 51(7)(a), a pension provided to or in respect of a member of an occupational pension scheme is a “cash balance benefit” if conditions 1 and 2 are met.

(2)     Condition 1 is that the rate of the pension is calculated by reference to a sum of money (“the available sum”) which is available under the scheme for the

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