# The Contracting-out (Transfer and Transfer Payment) Regulations 1996, Paragraph 1


Subject to paragraphs 2 to 4, the receiving scheme must in respect of the rights transferred—
(a) provide for pensions payable at the rates at which guaranteed minimum pensions would have been payable by the transferring scheme if the transfer had not taken place; ...
(b) contain the same provision for commencement and continuation of payment of those pensions and (if any) for commutation, suspension and forfeiture as for guaranteed minimum pensions provided by the receiving scheme in accordance with section 13 or (as the case may be) 17 of the 1993 Act.
(c) comply with sections 13 to 24E of the 1993 Act in respect of accrued rights.

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Source: https://www.legislation.gov.uk/uksi/1996/1462/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-1996/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.