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flexible benefits

82has the meaning given in section 74 of the Pension Schemes Act 2015 which in relation to a member of a pension scheme or a survivor of a member of a pension scheme is:

  1. (a) a money purchase benefit (defined in section 181 of the Pension Schemes Act 1993 and section 176 of the Pension Schemes (Northern Ireland) Act 1993); or
  2. (b) a cash balance benefit (defined in Section 75 of the Pension Schemes Act 2015); or
  3. (c) a benefit, other than a money purchase benefit or cash balance benefit, calculated by reference to an amount available for the provision of benefits to or in respect of the member (whether the amount so available is calculated by reference to payments made by the member or any other person in respect of the member or any other factor).