Scheme Protection
The 2015 Scheme came into force on 1 April 2015, but not all active members of the 2006 Scheme will have transferred over to the 2015 Scheme immediately, as protection is afforded to two groups:
- Transitional Protected member
- Tapered Protected member
A Transitional Protected member was an active member of the 2006 scheme with 10 years or less until their current Normal Pension Age as at 1 April 2012. Such members have been afforded full protection and will NOT have been moved into the 2015 scheme.
A Tapered Protected member was an active member of the 2006 Scheme, aged between 41 and 45 years as at 1 April 2012.
Tapered Protected members will move into the 2015 scheme on a tapered basis.
Please Note
All members that are not protected will have transferred into the 2015 scheme from 1 April 2015.