# The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2010

S.I. 2010/506 · made 24 February 2010

These Regulations amend the Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations 1998 (S.I. 1998/1397) and the Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations (Northern Ireland) 1998 (S.R. 1998 No. 208). Those Regulations deal with the calculation of the amount required for restoring certain rights under the State retirement pension scheme of members of occupational pension schemes that are wound up underfunded (“the calculation”).

Made under: Pension Schemes Act 1993 (Section 181, Section 182, Schedule 2 paragraph 5); Pension Schemes (Northern Ireland) Act 1993 (Schedule 1 paragraph 5)

PDFs: Printed copy https://openlegislation.uk/occupational-pension-schemes-contracting-out-amount-required-for-restoring-state-scheme-rights-amendment-regulations-2010/pdf/uksi_20100506_en.pdf; Explanatory Memorandum https://openlegislation.uk/occupational-pension-schemes-contracting-out-amount-required-for-restoring-state-scheme-rights-amendment-regulations-2010/pdf/uksiem_20100506_en.pdf

## Introductory text

Pensions
Made 24th February 2010
Laid before Parliament 5th March 2010
Coming into force 6th April 2010
The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 181(1) and 182(2) of, and paragraph 5(3C)(c) of Schedule 2 to, the Pension Schemes Act 1993, and by paragraph 5(3C)(c) and (4A) of Schedule 1 to the Pension Schemes (Northern Ireland) Act 1993 and now vested in the Secretary of State.
Consultation was not carried out because in the case of Great Britain the obligation to consult does not apply to regulations prescribing actuarial tables; and in the case of Northern Ireland there is no obligation to consult.

## 1 Citation, commencement, application and interpretation

(1) These Regulations may be cited as the Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2010 and shall come into force on 6th April 2010.
(2) Regulations 2 and 3 apply if the effective date is on or after 6th April 2010.
(3) In paragraph (2) the “effective date” means—
(a) in the case of regulation 2, the date on which Her Majesty’s Revenue and Customs determine for the purposes of paragraph 5(3A) to (3E) of Schedule 2 to the Pension Schemes Act 1993 (resources of scheme insufficient on winding up) the extent to which the resources of a scheme are insufficient to meet the liability for the cash equivalent of the member’s rights under the scheme; and
(b) in the case of regulation 3, the date on which Her Majesty’s Revenue and Customs determine for the purposes of paragraph 5(3A) to (3E) of Schedule 1 to the Pension Schemes (Northern Ireland) Act 1993 (resources of scheme insufficient on winding up) the extent to which the resources of a scheme are insufficient to meet the liability for the cash equivalent of the member’s rights under the scheme.
(4) This regulation, in so far as it relates to regulation 2, and regulation 2 apply to England, Wales and Scotland.
(5) This regulation, in so far as it relates to regulation 3, and regulation 3 apply to Northern Ireland.

## 2 Amendment of the Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations 1998

(1) The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations 1998 (“the 1998 Regulations”) are amended as follows.
(2) For regulation 3(2)(a) (method of calculation where no election to pay a contributions equivalent premium may be made) substitute—
“(a) the amount of each factor shall be—
(i) for Factors A to F2, the amount derived from the relevant Table in Schedule 1, being the amount shown for the factor in the column below the relevant tax year, in relation to the tax year in which the member was born, as specified in the first column of that Table;
(ii) for Factors G to Q, the amount shown in the column below the relevant factor, in whichever of Tables 11 and 12 in Schedule 1 is applicable, in relation to the age attained by the member in the relevant tax year as specified in the first column of that Table.”.
(3) For Tables 1 to 4 in Schedule 1 substitute the tables set out in the Schedule to these Regulations.
(4) In the headings to the tables in Schedule 1, for “Table 5” substitute “Table 11” and for “Table 6” substitute “Table 12”.

## 3 Amendment of the Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations (Northern Ireland) 1998

(1) The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations (Northern Ireland) 1998 (“the 1998 Regulations”) are amended as follows.
(2) For regulation 3(2)(a) (method of calculation where no election to pay a contributions equivalent premium may be made) substitute—
“(a) the amount of each factor shall be—
(i) for Factors A to F2, the amount derived from the relevant Table in Schedule 1, being the amount shown for the factor in the column below the relevant tax year, in relation to the tax year in which the member was born, as specified in the first column of that Table;
(ii) for Factors G to Q, the amount shown in the column below the relevant factor, in whichever of Tables 11 and 12 in Schedule 1 is applicable, in relation to the age attained by the member in the relevant tax year as specified in the first column of that Table.”.
(3) For Tables 1 to 4 in Schedule 1 substitute the tables set out in the Schedule to these Regulations.
(4) In the headings to the tables in Schedule 1, for “Table 5” substitute “Table 11” and for “Table 6” substitute “Table 12”.

## Signature

Signed by the authority of the Secretary of State for Work and Pensions.
Angela Eagle
Minister of State,
Department for Work and Pensions
24th February 2010

## TABLES TO BE SUBSTITUTED IN SCHEDULE 1 TO THE 1998 REGULATIONS

TABLE 1
FACTOR A: MEN – EMPLOYMENT AFTER 5 APRIL 1997
Tax Year of Birth
Tax year of effective date
2010/11
2011/12
1946/47
18.15
-
1947/48
17.56
18.15
1948/49
17.20
17.56
1949/50
16.82
17.20
1950/51
16.44
16.82
1951/52
16.04
16.44
1952/53
15.64
16.04
1953/54
15.24
15.64
1954/55
14.82
15.24
1955/56
14.40
14.82
1956/57
13.97
14.40
1957/58
13.53
13.97
1958/59
13.10
13.53
1959/60
12.34
12.77
1960/61
11.60
12.02
1961/62
11.25
11.60
1962/63
10.90
11.25
1963/64
10.61
10.90
1964/65
10.33
10.61
1965/66
10.04
10.33
1966/67
9.76
10.04
1967/68
9.49
9.76
1968/69
8.99
9.26
1969/70
8.52
8.77
1970/71
8.26
8.52
1971/72
8.01
8.26
1972/73
7.76
8.01
1973/74
7.51
7.76
1974/75
7.26
7.51
1975/76
7.02
7.26
1976/77
6.86
7.02
1977/78
6.53
6.68
1978/79
6.21
6.36
1979/80
6.07
6.21
1980/81
5.93
6.07
1981/82
5.79
5.93
1982/83
5.66
5.79
1983/84
5.54
5.66
1984/85
5.41
5.54
1985/86
5.29
5.41
1986/87
5.18
5.29
1987/88
5.06
5.18
1988/89
4.95
5.06
1989/90
4.84
4.95
1990/91
4.74
4.84
1991/92
4.63
4.74
1992/93
4.53
4.63
1993/94
4.43
4.53
1994/95
4.34
4.43
1995/96
-
4.34
TABLE 2
FACTOR B1: MEN – EMPLOYMENT BEFORE 6 APRIL 1988 IN A CASE WHERE LIMITED REVALUATION APPLIES
Tax Year of Birth
Tax year of effective date
2010/11
2011/12
1946/47
12.97
-
1947/48
12.75
12.97
1948/49
12.53
12.75
1949/50
12.29
12.53
1950/51
12.05
12.29
1951/52
11.80
12.05
1952/53
11.54
11.80
1953/54
11.27
11.54
1954/55
11.00
11.27
1955/56
10.72
11.00
1956/57
10.43
10.72
1957/58
10.14
10.43
1958/59
9.84
10.14
1959/60
9.34
9.64
1960/61
8.85
9.14
1961/62
8.60
8.85
1962/63
8.36
8.60
1963/64
8.12
8.36
1964/65
7.88
8.12
1965/66
7.65
7.88
1966/67
7.42
7.65
1967/68
7.19
7.42
1968/69
6.80
7.02
1969/70
6.43
6.64
1970/71
6.22
6.43
1971/72
6.02
6.22
TABLE 3
FACTOR B2: MEN – EMPLOYMENT BEFORE 6 APRIL 1988 IN A CASE WHERE FULL OR FIXED REVALUATION APPLIES
Tax Year of Birth
Tax year of effective date
2010/11
2011/12
1946/47
12.97
-
1947/48
12.78
12.97
1948/49
12.59
12.78
1949/50
12.38
12.59
1950/51
12.17
12.38
1951/52
11.94
12.17
1952/53
11.71
11.94
1953/54
11.47
11.71
1954/55
11.21
11.47
1955/56
10.95
11.21
1956/57
10.68
10.95
1957/58
10.41
10.68
1958/59
10.13
10.41
1959/60
9.65
9.93
1960/61
9.17
9.45
1961/62
8.94
9.17
1962/63
8.71
8.94
1963/64
8.48
8.71
1964/65
8.25
8.48
1965/66
8.02
8.25
1966/67
7.80
8.02
1967/68
7.58
7.80
1968/69
7.20
7.41
1969/70
6.83
7.04
1970/71
6.62
6.83
1971/72
6.42
6.62
TABLE 4
FACTOR C1: MEN – EMPLOYMENT AFTER 5 APRIL 1988 AND BEFORE 6 APRIL 1997 IN A CASE WHERE LIMITED REVALUATION APPLIES
Tax Year of Birth
Tax year of effective date
2010/11
2011/12
1946/47
17.37
-
1947/48
16.98
17.37
1948/49
16.59
16.98
1949/50
16.19
16.59
1950/51
15.78
16.19
1951/52
15.37
15.78
1952/53
14.95
15.37
1953/54
14.52
14.95
1954/55
14.09
14.52
1955/56
13.66
14.09
1956/57
13.22
13.66
1957/58
12.78
13.22
1958/59
12.34
12.78
1959/60
11.59
12.02
1960/61
10.86
11.28
1961/62
10.51
10.86
1962/63
10.16
10.51
1963/64
9.87
10.16
1964/65
9.58
9.87
1965/66
9.29
9.58
1966/67
9.01
9.29
1967/68
8.74
9.01
1968/69
8.25
8.52
1969/70
7.79
8.04
1970/71
7.54
7.79
1971/72
7.29
7.54
1972/73
7.04
7.29
1973/74
6.80
7.04
1974/75
6.56
6.80
1975/76
6.33
6.56
1976/77
6.16
6.33
1977/78
5.85
6.00
1978/79
5.55
5.69
1979/80
5.41
5.55
1980/81
5.27
5.41
TABLE 5
FACTOR C2: MEN – EMPLOYMENT AFTER 5 APRIL 1998 AND BEFORE 6 APRIL 1997 IN A CASE WHERE FULL OR FIXED REVALUATION APPLIES
Tax Year of Birth
Tax year of effective date
2010/11
2011/12
1946/47
17.37
-
1947/48
17.02
17.37
1948/49
16.67
17.02
1949/50
16.31
16.67
1950/51
15.93
16.31
1951/52
15.55
15.93
1952/53
15.17
15.55
1953/54
14.77
15.17
1954/55
14.37
14.77
1955/56
13.96
14.37
1956/57
13.54
13.96
1957/58
13.12
13.54
1958/59
12.70
13.12
1959/60
11.97
12.39
1960/61
11.26
11.67
1961/62
10.92
11.26
1962/63
10.58
10.92
1963/64
10.30
10.58
1964/65
10.02
10.30
1965/66
9.75
10.02
1966/67
9.48
9.75
1967/68
9.21
9.48
1968/69
8.73
8.99
1969/70
8.27
8.52
1970/71
8.02
8.27
1971/72
7.78
8.02
1972/73
7.53
7.78
1973/74
7.29
7.53
1974/75
7.05
7.29
1975/76
6.82
7.05
1976/77
6.66
6.82
1977/78
6.34
6.49
1978/79
6.03
6.17
1979/80
5.89
6.03
1980/81
5.76
5.89
TABLE 6
FACTOR D: WOMEN – EMPLOYMENT AFTER 5 APRIL 1997
Tax Year of Birth
Tax year of effective date
2010/11
2011/12
1950/51
22.05
-
1951/52
19.66
19.99
1952/53
18.36
18.70
1953/54
17.10
17.45
1954/55
15.88
16.23
1955/56
14.76
15.18
1956/57
14.34
14.76
1957/58
13.91
14.34
1958/59
13.48
13.91
1959/60
12.71
13.14
1960/61
11.96
12.38
1961/62
11.60
11.96
1962/63
11.25
11.60
1963/64
10.97
11.25
1964/65
10.69
10.97
1965/66
10.41
10.69
1966/67
10.13
10.41
1967/68
9.85
10.13
1968/69
9.35
9.62
1969/70
8.86
9.12
1970/71
8.60
8.86
1971/72
8.35
8.60
1972/73
8.09
8.35
1973/74
7.84
8.09
1974/75
7.59
7.84
1975/76
7.35
7.59
1976/77
7.19
7.35
1977/78
6.85
7.00
1978/79
6.52
6.67
1979/80
6.38
6.52
1980/81
6.23
6.38
1981/82
6.09
6.23
1982/83
5.96
6.09
1983/84
5.83
5.96
1984/85
5.70
5.83
1985/86
5.57
5.70
1986/87
5.45
5.57
1987/88
5.33
5.45
1988/89
5.21
5.33
1989/90
5.10
5.21
1990/91
4.99
5.10
1991/92
4.88
4.99
1992/93
4.77
4.88
1993/94
4.66
4.77
1994/95
4.56
4.66
1995/96
-
4.56
TABLE 7
FACTOR E1: WOMEN – EMPLOYMENT BEFORE 6 APRIL 1988 IN A CASE WHERE LIMITED REVALUATION APPLIES
Tax Year of Birth
Tax year of effective date
2010/11
2011/12
1950/51
14.66
-
1951/52
13.46
13.74
1952/53
12.72
13.00
1953/54
11.98
12.27
1954/55
11.24
11.53
1955/56
10.48
10.75
1956/57
10.21
10.48
1957/58
9.93
10.21
1958/59
9.65
9.93
1959/60
9.15
9.43
1960/61
8.66
8.94
1961/62
8.43
8.66
1962/63
8.20
8.43
1963/64
7.97
8.20
1964/65
7.75
7.97
1965/66
7.53
7.75
1966/67
7.31
7.53
1967/68
7.10
7.31
1968/69
6.72
6.93
1969/70
6.35
6.55
1970/71
6.15
6.35
1971/72
5.96
6.15
TABLE 8
FACTOR E2: WOMEN – EMPLOYMENT BEFORE 6 APRIL 1988 IN A CASE WHERE FULL OR FIXED REVALUATION APPLIES
Tax Year of Birth
Tax year of effective date
2010/11
2011/12
1950/51
14.66
-
1951/52
13.50
13.74
1952/53
12.81
13.07
1953/54
12.12
12.39
1954/55
11.43
11.70
1955/56
10.72
10.96
1956/57
10.46
10.72
1957/58
10.20
10.46
1958/59
9.93
10.20
1959/60
9.46
9.72
1960/61
8.98
9.25
1961/62
8.77
8.98
1962/63
8.55
8.77
1963/64
8.33
8.55
1964/65
8.12
8.33
1965/66
7.91
8.12
1966/67
7.70
7.91
1967/68
7.49
7.70
1968/69
7.11
7.32
1969/70
6.75
6.95
1970/71
6.55
6.75
1971/72
6.36
6.55
TABLE 9
FACTOR F1: WOMEN – EMPLOYMENT AFTER 5 APRIL 1988 AND BEFORE 6 APRIL 1997 IN A CASE WHERE LIMITED REVALUATION APPLIES
Tax Year of Birth
Tax year of effective date
2010/11
2011/12
1950/51
21.11
-
1951/52
18.96
19.32
1952/53
17.63
18.00
1953/54
16.36
16.73
1954/55
15.13
15.50
1955/56
14.01
14.44
1956/57
13.58
14.01
1957/58
13.14
13.58
1958/59
12.70
13.14
1959/60
11.94
12.37
1960/61
11.20
11.62
1961/62
10.84
11.20
1962/63
10.49
10.84
1963/64
10.20
10.49
1964/65
9.91
10.20
1965/66
9.63
9.91
1966/67
9.35
9.63
1967/68
9.07
9.35
1968/69
8.58
8.85
1969/70
8.10
8.36
1970/71
7.85
8.10
1971/72
7.59
7.85
1972/73
7.35
7.59
1973/74
7.10
7.35
1974/75
6.86
7.10
1975/76
6.62
6.86
1976/77
6.46
6.62
1977/78
6.13
6.29
1978/79
5.82
5.97
1979/80
5.68
5.82
1980/81
5.54
5.68
TABLE 10
FACTOR F2: WOMEN – EMPLOYMENT AFTER 5 APRIL 1988 AND BEFORE 6 APRIL 1997 IN A CASE WHERE FULL OR FIXED REVALUATION APPLIES
Tax Year of Birth
Tax year of effective date
2010/11
2011/12
1950/51
21.11
-
1951/52
19.01
19.32
1952/53
17.76
18.09
1953/54
16.56
16.89
1954/55
15.39
15.73
1955/56
14.32
14.72
1956/57
13.91
14.32
1957/58
13.50
13.91
1958/59
13.07
13.50
1959/60
12.34
12.75
1960/61
11.61
12.02
1961/62
11.27
11.61
1962/63
10.93
11.27
1963/64
10.65
10.93
1964/65
10.38
10.65
1965/66
10.11
10.38
1966/67
9.83
10.11
1967/68
9.57
9.83
1968/69
9.08
9.34
1969/70
8.61
8.86
1970/71
8.36
8.61
1971/72
8.11
8.36
1972/73
7.86
8.11
1973/74
7.62
7.86
1974/75
7.38
7.62
1975/76
7.14
7.38
1976/77
6.98
7.14
1977/78
6.65
6.80
1978/79
6.34
6.48
1979/80
6.19
6.34
1980/81
6.05
6.19

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations 1998 (S.I. 1998/1397) and the Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations (Northern Ireland) 1998 (S.R. 1998 No. 208). Those Regulations deal with the calculation of the amount required for restoring certain rights under the State retirement pension scheme of members of occupational pension schemes that are wound up underfunded (“the calculation”).
Regulation 2 amends the Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations 1998 to substitute new tables into Schedule 1 to those Regulations setting out new actuarial factors to be used for the purposes of the calculation where the effective date (the date Her Majesty’s Revenue and Customs determine the extent to which the resources of the scheme are insufficient to meet its liabilities) is on or after 6th April 2010. Substitution of regulation 3(2)(a) is also required because the new tables are in a different format to those being substituted.
Regulation 3 makes corresponding amendments to the Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations (Northern Ireland) 1998.
A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.

---
Source: https://www.legislation.gov.uk/uksi/2010/506 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-contracting-out-amount-required-for-restoring-state-scheme-rights-amendment-regulations-2010
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.