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The Occupational Pension Schemes (Modification of the Pension Schemes Act 1993) Regulations 1998

S.I. 1998/1466 · Made 16 June 1998

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

PENSIONS

Made 16th June 1998

Laid before Parliament 23rd June 1998

Coming into force 20th July 1998

The Secretary of State for Social Security, in exercise of the powers conferred on her by section 174(3) and (4) of the Pensions Act 1995f1, and of all other powers enabling her in that behalf, hereby makes the following Regulations:—

Annotations to the whole text

Footnotes

f1

1995 c. 26.

Contents

  1. 1Citation and commencement
  2. 2Modification of section 37(2) of the Pension Schemes Act 1993
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Occupational Pension Schemes (Modification of the Pension Schemes Act 1993) Regulations 1998 and shall come into force on 20th July 1998.

2Modification of section 37(2) of the Pension Schemes Act 1993

In connection with the coming into force of paragraph 39 of Schedule 5 to the Pensions Act 1995, with respect to any alteration made prior to 6th April 1997 to the rules of any contracted-out scheme, section 37(2) of the Pension Schemes Act 1993f1 shall be modified so as to have effect as follows:—

“(2)

Regulations may provide for the validation with retrospective effect in prescribed circumstances of any alteration to the rules of a contracted-out scheme where such alteration was made prior to 6th April 1997 and was void immediately before that date by virtue of subsection (3) of this section as then in force.”.

Signature

Signed by authority of the Secretary of State for Social Security.

John Y. Denham

Parliamentary Under-Secretary of State,

Department of Social Security

16th June 1998

Explanatory note

(This note is not part of the Regulations)

These Regulations modify section 37(2) of the Pension Schemes Act 1993 to enable Regulations to be made to provide for the validation with retrospective effect of alterations made prior to 6th April 1997 to the rules of contracted-out occupational pension schemes.