Common use of Transitional provision reservations Clause in Contracts

Transitional provision reservations. If the agency worker was already a participant in the XxxXX pension scheme before 1 January 2022 and the reserves are included in the pensionable salary/gross hourly wage at the time of creation in accordance with the regulations applicable in the relevant year, these reserves will be deducted from the pensionable salary from 2022 onwards, thus avoiding double pension accrual on the same part of the salary.

Transitional provision reservations. If the agency worker was already a participant in the XxxXX StiPP pension scheme before 1 January 2022 and the reserves are included in the pensionable salary/gross hourly wage at the time of creation in accordance with the regulations applicable in the relevant year, these reserves will be deducted from the pensionable salary from 2022 onwards, thus avoiding double pension accrual on the same part of the salary.

Transitional provision reservations. If the agency worker was already a participant in the XxxXX StiPP pension scheme before 1 January 2022 and the reserves before 1 January 2022 are included in the pensionable salary/gross hourly wage at the time of creation in accordance with the regulations applicable in the relevant year, these reserves will be deducted from the pensionable salary from 2022 onwards, thus avoiding double pension accrual on the same part of the salary.