Regulation K7 State scheme premiums

The Secretary of State may discharge the liability to provide any guaranteed minimum pension by paying a state scheme premium under section 55 of the 1993 Act or article 3 of the 2016 Order.

Where a member, or a member’s F2widow, widower or surviving civil partner, is entitled to a pension under F3this Section of the scheme in respect of a period for which a contributions equivalent premium has been paid under F4section 55 of the 1993 Act or article 3 of the 2016 Order, the pension will be reduced by the amount of the guaranteed minimum pension that would have been payable under this Section of the scheme to the member, widow, widower or surviving civil partner, as the case may be, if the contributions equivalent premium had not been paid.