18ADefinitions

18A Definitions

18A Definitions

(1) In this Part—

notional preserved benefit, in relation to a transferred contributor, means the benefit that would have been payable if the transferred contributor, on becoming employed by the new employer, had elected to make provision for a preserved benefit under section 32 (1) and the benefit provided by section 32 (5) had thereupon become payable.

transferred contributor means a contributor who—

(a) ceases to be employed by an employer and becomes employed by another employer, and

(b) does not apply for payment of a benefit under this Act in respect of that former employment.

(2) For the purpose of the making of contributions by employers under this Part, a preserved benefit (including a notional preserved benefit) provided by section 32 (5) shall be deemed to become payable on the date the contributor elects, or is deemed to have elected, to make provision for the benefit under section 32 (1).

s 18A: Ins 1985 No 178, Sch 1 (5).