{
  "url": "https://openlegislation.uk/occupational-pension-schemes-contracting-out-regulations-1996/schedule-3/paragraph-13",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-contracting-out-regulations-1996/schedule-3/paragraph-13.json",
  "legislation": "uksi/1996/1172",
  "legislation_title": "Occupational Pension Schemes (Contracting-out) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-contracting-out-regulations-1996",
  "path": "schedule/3/paragraph/13",
  "kind": "paragraph",
  "number": "13",
  "heading": null,
  "text": "(1) The pensions provided under the scheme for the purposes of carrying out the comparison under regulation 23 are the pensions referred to in sub-paragraph (2).\n(2) The pensions are those which the actuary expects will accrue in the three years after the effective date.\n(3) For the purposes of sub-paragraph (2), the actuary must—\n(a) assume that the earner leaves pensionable service—\n(i) at the end of the three-year period mentioned in sub-paragraph (2), or\n(ii) if the earner attains normal pension age before the end of that three-year period, on the date on which the earner attains normal pension age,\n(b) assume that pensions are payable from the date on which the earner attains normal pension age,\n(c) where the earner has accrued their maximum pension under the scheme during any part of the three-year period mentioned in sub-paragraph (2), assume that that maximum pension accrues at the same rate for each year of the pensionable service which the earner is likely to complete up to a maximum of 40 years, and\n(d) take into account the person whom the actuary expects will be entitled to receive the pensions referred to in sub-paragraph (2).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 3 added (1.10.2011) by The Occupational Pension Schemes (Contracting-out) Amendment Regulations 2011 (S.I. 2011/1294), regs. 1(2), 2(3), Schs."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1172/schedule/3/paragraph/13",
    "retrieved_at": "2026-10-29T12:44:46.785957+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."
}