Regulation 2 Amendment of the Occupational Pension Schemes (Contracting-out) Regulations 1996

(1)

The Occupational Pension Schemes (Contracting-out) Regulations 1996^f1 are amended as follows.

(2)

In regulation 62(2)^f2 (fixed rate revaluation of guaranteed minimum pensions for early leavers)—

(a)

in sub-paragraph (f), for “6th April 2007, 4 per cent.” substitute “6th April 2007 but before 6th April 2012, 4 per cent.”, and

(b)

after sub-paragraph (f) add—

“(g)

where that period of service terminates on or after 6th April 2012, 4.75 per cent. compound.”.

(3)

In Schedule 3^f3 (further requirements for meeting the statutory standard), in paragraph 4(a) and (b), for “scheme” substitute “trustees or managers of the scheme”.

Annotations

Footnotes

f1: S.I. 1996/1172.
f2: Regulation 62(2) was amended by S.I. 2002/681 and 2007/814.
f3: Schedule 3 was added by S.I. 2011/1294.