# The Contracting-out (Transfer) Amendment Regulations 1987, Regulation 3: Amendment of regulation 2 of the principal Regulations and of the heading to that regulation


(1) In the heading to regulation 2 of the principal Regulations (transfers of accrued rights to and liability for payment of guaranteed minimum pensions from contracted-out schemes) for “contracted-out schemes” there shall be substituted “contracted-out salary related schemes and section 49 salary related schemes”.
(2) Regulation 2 of the principal Regulations shall be amended as follows—
(a) in paragraph (1)—
(i) for “contracted-out scheme” there shall be substituted “contracted-out salary related scheme or a section 49 salary related scheme”, and
(ii) for “in paragraphs (2) to (5)” there shall be substituted “in paragraphs (2) to (5A)”;
(b) in paragraphs (2), (4) and (5), for “another contracted-out scheme” there shall be substituted “a contracted-out salary related scheme or to a section 49 salary related scheme”;
(c) in paragraph (3)—
(i) for “to a scheme which is not a contracted-out scheme” there shall be substituted “to an overseas scheme”, and
(ii) there shall be omitted “in either of the paragraphs”;
and
(d) after paragraph (5) there shall be inserted the following paragraph—
“5A) A transfer to a section 49 salary related scheme may be made where it is approved by the Board whether or not subject to conditions;”.

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Source: https://www.legislation.gov.uk/uksi/1987/1099/regulation/3 (the official version)
Page: https://openlegislation.uk/contracting-out-transfer-amendment-regulations-1987/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.