Regulation 2 Amendments to the Social Security Administration Act 1992

(1)

The Social Security Administration Act 1992^f1 is amended as follows.

(2)

In section 150 (annual up-rating of benefits) in subsection (10A)^f2, after “a member of”, insert “a scheme which was at a time before the abolition date, as defined by section 181(1) of the Pensions Act,”.

(3)

In section 191 (interpretation – general)—

(a)

for the definition of “money purchase contracted-out scheme”^f3 substitute—

““money purchase contracted-out scheme” is to be construed in accordance with section 181A of the Pensions Act;”, and

(b)

in the definition of “personal pension scheme”^f4, for “section 7(4)” substitute “section 181A(6)”.

Annotations

Footnotes

f1: 1992 c.5.
f2: Section 150(10A) was inserted by section 190 of, and paragraph 28(b) of Schedule 8 to, the Pension Schemes Act 1993 (c.48).
f3: The definition of “money purchase contracted-out scheme” was inserted by section 190 of, and paragraph 31(a) of Schedule 8 to, the Pension Schemes Act 1993.
f4: The definition of “personal pension scheme” was amended by section 190 of, and paragraph 31(d) of Schedule 8 to, the Pension Schemes Act 1993.