# The Occupational Pension Schemes (Contracting-out) (Amendment) Regulations 2006, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Occupational Pension Schemes (Contracting-out) Regulations 1996 (S.I. 1996/1172) (“the principal Regulations”).
Regulation 2 amends regulation 60 of the principal Regulations to provide for the payment of a lump sum instead of a guaranteed minimum pension where the payment qualifies as a serious ill-health lump sum payment under the Finance Act 2004 (c. 12).
These Regulations have only a negligible impact on the cost or savings of business, charities or the voluntary sector. Publication of a full Regulatory Impact Assessment is not necessary for such legislation.

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Source: https://www.legislation.gov.uk/uksi/2006/1337/note (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-contracting-out-amendment-regulations-2006/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.