Regulation 32 Amendment of regulation 37

In regulation 37 (test scheme: requirements to revalue accrued benefits and increase pensions in payment)—

(a)

in paragraph (1) for the words “section 23(1)(b)” substitute “section 23(1)(c)”^f1; and

(b)

at the end of paragraph (2)(b) add the words “in relation to a scheme which provides for a member to be entitled to a pension commencing at the appropriate age^f2 and continuing for life”.

Annotations

Footnotes

f1: Section 23 was substituted by the Pensions Act 2011, section 11(2).
f2: “appropriate age” is defined in section 23(3) of the Pensions Act 2008.