Regulation 20 Pensions Act payments

The principal Regulations are amended by substituting for regulation P13 the following:

“Pensions Act payments

P13

(1)

Any increase in a pension which is required by virtue of sections 41A to 41C (protection of pensions) of the Pensions Act^f1 shall be paid out of the appropriate superannuation fund.

(2)

Any payment which an administering authority are required to make as a result of a person’s taking a right to a cash equivalent under Schedule 1A to the Pensions Act^f2 shall be made out of the appropriate superannuation fund.”.

Annotations

Footnotes

f1: 1975 c. 60; sections 41A to 41C were inserted by the Health and Social Security Act 1984 (c. 48), Schedule 6, were modified by the Contracting-out (Protection of Pensions) Regulations 1984 (S.I. 1984/1921), and were further amended by the Social Security Act 1985) (c.53), section 6 and Schedule 3, paragraph 3.
f2: Schedule 1A was inserted by the Social Security Act 1985, Schedule 1, paragraph 3.