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The Equality Act (Age Exceptions for Pension Schemes) (Amendment) Order 2019

S.I. 2019/879 · Made 17 April 2019

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Equality

Pensions

Made 17th April 2019

Laid before Parliament 24th April 2019

Coming into force 15th May 2019

The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 61(8) and 207(4) of the Equality Act 2010f1.

In accordance with section 61(9) of the Equality Act 2010, the Secretary of State has consulted such persons as the Secretary of State considers appropriate.

Annotations to the whole text

Footnotes

f1

2010 c.15.

Contents

  1. 1Citation and commencement
  2. 2Amendments to the Equality Act (Age Exceptions for Pension Schemes) Order 2010
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Equality Act (Age Exceptions for Pension Schemes) (Amendment) Order 2019 and comes into force on 15th May 2019.

2Amendments to the Equality Act (Age Exceptions for Pension Schemes) Order 2010

(1)

The Equality Act (Age Exceptions for Pension Schemes) Order 2010f1 is amended in accordance with this article.

(2)

In Schedule 1 (occupational pension schemes: excepted rules, practices, actions and decisions) in paragraph 14(1)(a)f2 for “65” substitute “that member’s state pension age”f3.

(3)

In Schedule 1 in paragraph 14(2) in the definition of “relevant state retirement pension rate” for the words “paragraph 2(5) of Schedule 28 to the Finance Act” substitute “regulation 4(3)(b) (pensions bridging: pensionable age on or after 6th April 2016) of the Registered Pension Schemes (Bridging Pensions) and Appointed Day Regulations 2016f4”.

Signature

Signed by authority of the Secretary of State for Work and Pensions

Will Quince

Parliamentary Under -Secretary of State,

Department for Work and Pensions

17th April 2019

Explanatory note

(This note is not part of the Order)

This Order amends the Equality Act (Age Exceptions for Pension Schemes) Order 2010 (S.I. 2010/2133) (“the 2010 Order”).

Article 2(2) amends an exception in the 2010 Order relating to an occupational pension scheme’s age related equality obligations under the Equality Act 2010 (c.15). The effect of the amendment is to update the age related exception so that occupational pension schemes can continue to reduce a pensioner member’s pension benefits by an amount not exceeding the relevant state retirement pension rate with effect from any time between age 60 and the date they reach their state pension age.

Article 2(3) amends the definition of “relevant state retirement pension rate”. The term was defined in accordance with the meaning given in paragraph 2(5) of Schedule 28 to the Finance Act 2004 (c.12). Paragraph 2(5) was repealed by section 20(1) of the Finance Act 2016 (c.24). The term was re-defined in the Registered Pension Schemes (Bridging Pensions) and Appointed Day Regulations 2016 (S.I. 2016/1005) (“the 2016 Regulations”). Article 2(3) updates the definition in the 2010 Order so it refers to the relevant part of the definition in the 2016 Regulations.

An impact assessment of the effect that this instrument will have on the costs of business and the voluntary sector is published with the Explanatory Memorandum alongside this instrument on www.legislation.gov.uk.