{
  "url": "https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-1996/schedule-1/paragraph-5",
  "json_url": "https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-1996/schedule-1/paragraph-5.json",
  "legislation": "uksi/1996/1462",
  "legislation_title": "The Contracting-out (Transfer and Transfer Payment) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-1996",
  "path": "schedule/1/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "The receiving scheme must provide for pensions to be paid which are of at least equal value to the annuity which would have been payable by the transferring policy, had the transfer not taken place, in respect of the earner’s accrued rights to guaranteed minimum pensions.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1462/schedule/1/paragraph/5",
    "retrieved_at": "2026-10-29T12:42:33.102286+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}