6Application of certain definitions to transferred contributor

6 Application of certain definitions to transferred contributor

6 Application of certain definitions to transferred contributor

(1) For the purpose of applying the definition of accrued benefit points in section 36 of the current Act (definitions) to a transferred contributor, that definition shall be construed as if the reference in it to contributed points figures included a reference to the total of the contributed points figures calculated in relation to that contributor under the earlier Act on 31 March 1988 but multiplied by 0.72.

(2) For the purposes of applying the current Act to a transferred contributor, such a contributor’s entry date shall be taken to be the date that was regarded as the entry date applicable to the transferred contributor under the earlier Act.

(3) For the purpose of applying the definition of contributed points figure in section 36 of the current Act to a transferred contributor, that definition shall be construed as if the reference in that definition to applicable contribution periods included a reference to applicable months as defined by section 24 of the earlier Act, but with the result derived from the formula for those months multiplied by 0.72.

(4) In applying the calculation of prospective benefit points in section 36 of the current Act to a transferred contributor, that calculation shall be subject to a minimum value of 0.7 multiplied by the number of prospective benefit points that would have been calculated under that Act if the early retirement age had been 60 years.

cl 6: Am 17.6.1988; 12.7.1991.