Regulation 39 Amendment of regulation L2I1

For paragraph (3) of regulation L2 (refund of contributions) substitute—

“(3)

If the member’s employment was contracted-out by reference to the scheme, the member (and the member’s spouse or civil partner, if any) will remain entitled to a guaranteed minimum pension and section 9(2B) rights under the scheme, unless the Secretary of State discharges her liability in respect of that entitlement by paying a contributions equivalent premium under section 55(2) of the 1993 Act.”.