47BEmployer subsidy not to be of greater benefit if service not continuous

#### 47B Employer subsidy not to be of greater benefit if service not continuous 47B Employer subsidy not to be of greater benefit if service not continuous > > (1) In this section withdrawal benefit means— > > > > > (a) a benefit payable in accordance with section 38A (3) or (4), or > > > > > (b) any other benefit payable to or in respect of a person on cessation of the person’s employment otherwise than by reason of the person’s death, where the benefit is wholly or partly payable pursuant to or from a retirement scheme, fund or arrangement to or in respect of which an employer or a public or local authority constituted by an Act makes, or is liable to make, a payment in respect of a person employed by the employer or authority. > > > (2) Where a withdrawal benefit is paid, or is or will become payable, to a person and the person subsequently contributes to the Fund without complying with section 38C, any benefit (other than a benefit payable pursuant to section 38 or a benefit referred to in paragraph (a) of subsection (1)) payable in respect of that person shall be reduced in a manner determined by STC having regard to the amount of any withdrawal benefit previously paid to the person. > > **s 47B:** Ins 1972 No 66, sec 6 (w). Am 1988 No 133, Sch 1 (28); 1996 No 39, Sch 4.