{
  "url": "https://openlegislation.uk/occupational-pension-schemes-contracting-out-amount-required-for-restoring-state-scheme-rights-and-miscellaneous-amendment-regulations-1998/regulation-2",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-contracting-out-amount-required-for-restoring-state-scheme-rights-and-miscellaneous-amendment-regulations-1998/regulation-2.json",
  "legislation": "uksi/1998/1397",
  "legislation_title": "The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations 1998",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-contracting-out-amount-required-for-restoring-state-scheme-rights-and-miscellaneous-amendment-regulations-1998",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Determination of the amount required for restoring State scheme rights",
  "text": "For the purposes of paragraph 5(3A) to (3E) of Schedule 2 to the 1993 Act the amount required for restoring State scheme rights in relation to a member of a scheme which was a contracted-out occupational pension scheme and which started to wind up before the second abolition date shall be—\n(a) in a case where the prescribed person may elect under section 55(2) of that Act to pay a contributions equivalent premium, the amount of that premium calculated in accordance with section 58(4) of that Act; and\n(b) in any other case, the amount calculated in accordance with regulation 3.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 2 substituted (6.4.2016) by The Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order 2016 (S.I. 2016/200), arts. 1(2), 13(3)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "Section 55(2) was substituted by section 141(1) of the Pensions Act 1995."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/1397/regulation/2",
    "retrieved_at": "2026-10-29T11:27:38.908947+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}