# The Occupational Pension Schemes (Contracting-out) (Amendment) Regulations 2006, Regulation 2: Amendment of the Occupational Pension Schemes (Contracting-out) Regulations 1996


(1) The Occupational Pension Schemes (Contracting-out) Regulations 1996 shall be amended as follows.
(2) In regulation 60 (payment of a guaranteed minimum pension as a lump sum)—
(a) in paragraph (1)(b) in head (i)(aa), for “of that Part” substitute “of Part 1 of Schedule 29 to that Act”;
(b) after paragraph (2) add—
“(3) Subject to paragraph (4), for the purposes of section 21(1) of the 1993 Act further circumstances are where the payment of a lump sum—
(a) is authorised under section 164 of the Finance Act 2004;
(b) is permitted by the lump sum rule in section 166 of that Act; and
(c) qualifies as a serious ill-health lump sum for the purposes of paragraph 4 of Part 1 of Schedule 29 to that Act.
(4) Where—
(a) under the scheme, an earner qualifies for a lump sum payment on the ground of serious ill-health; and
(b) the scheme also provides for the payment of a guaranteed minimum pension to the widow, widower or surviving civil partner of the earner (“a survivor’s pension”),
the scheme must continue to include provision for a survivor’s pension notwithstanding the payment of a lump sum to the earner.”.

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Source: https://www.legislation.gov.uk/uksi/2006/1337/regulation/2 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-contracting-out-amendment-regulations-2006/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.