# The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations 1998, Regulation 2: Determination of the amount required for restoring State scheme rights

Extent: E+W+S+N.I.

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—
(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
(b) in any other case, the amount calculated in accordance with regulation 3.

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Source: https://www.legislation.gov.uk/uksi/1998/1397/regulation/2 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-contracting-out-amount-required-for-restoring-state-scheme-rights-and-miscellaneous-amendment-regulations-1998/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.