Regulation 6 Purpose prescribed under section 64(1A)(a) of the Social Security Act 1973
A purpose prescribed under F1section 136(1)(a)(ii) of the Pension Schemes Act 1993 (powers of Occupational Pensions Board to authorise modification of occupational pension schemes) is that of enabling the scheme—
to provide the alternative to short service benefit described in regulation 9 of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991 (bought out benefits) without the member’s consent in the circumstances described in paragraph (5)(b) of that regulation; and
to make provision for a benefit payable to a member's widow or widower to be secured by means of a policy of insurance or annuity contract without the widow's or widower's consent in cases where F3the requirements of regulation 5(5) of the Discharge Regulations are satisfied.
Annotations
Textual amendments
- F1
Words in reg. 6 substituted (12.5.1994) by The Occupational and Personal Pension Schemes (Consequential Amendments) Regulations 1994 (S.I. 1994/1062), reg. 1(2), Sch. 2 para. 13
- F2
Reg. 6(a) substituted (28.2.1991) by S.I. 1991/167, reg. 1(2), Sch. 1 para. 5
- F3
Words in reg. 6(b) substituted (28.2.1991) by S.I. 1991/167, reg. 1(2), Sch. 1 para. 5