Regulation 4 Regulation 3 of the principal Regulations

In sub-paragraph (a) of regulation 3(2), for the words from “the cash equivalent” to the end of that sub-paragraph there shall be inserted the following:–

“—

(i)

in the case of an occupational pension scheme other than a salary related scheme, the cash equivalent to which he would have acquired a right under section 94(1)(a) of the 1993 Act^f1 if his pensionable service had terminated at that date; and

(ii)

in the case of a salary related occupational pension scheme, the guaranteed cash equivalent to which he would have acquired a right under section 94(1)(aa) of the 1993 Act^f2 if the guarantee date was the relevant date and he had received a statement of entitlement in respect of that date and had made a relevant application within three months beginning with that date;”.

In sub-paragraph (b) of regulation 3(2), for the words “the cash equivalent” to the end of that sub-paragraph there shall be inserted the following:–

“—

(i)

in the case of an occupational pension scheme other than a salary related scheme, the cash equivalent to which he would have acquired a right under section 94(1)(a) of the 1993 Act on the termination of his pensionable service valued as at the relevant date; and

(ii)

in the case of a salary related occupational pension scheme, the guaranteed cash equivalent to which he would have acquired a right under section 94(1)(aa) of the 1993 Act if the guarantee date was the relevant date and he had received a statement of entitlement in respect of that date and had made a relevant application within three months beginning with that date;”.

For regulation 3(5)(i), there shall be substituted the following:–

“(i)

regulation 5 of and Schedule 2 to the Occupational Pension Schemes (Disclosure of Information) Regulations 1996^f3 and regulation 11 of and Schedule 1 to the Occupational Pension Schemes (Transfer Values) Regulations 1996^f4;

(ia)

section 93A of the 1993 Act^f5;”.