Section 130 Extra-statutory benefits.I1
It is hereby declared that—
(a)
nothing in Part III precludes an occupational pension scheme from providing benefits that are more favourable than those required for contracting-out purposes and, in particular, nothing in section 16(3) is to be taken as preventing the scheme from providing increases above the alternative minima there mentioned; and
(b)
nothing in the provisions of F1Chapter 2 of Part 4 or Chapter 1 or 2 of Part 4ZA precludes a scheme from being framed or managed more favourably to beneficiaries than is called for by those provisions.
Annotations
Textual amendments
- F1
Words in s. 130(b) substituted (6.4.2015) by Pension Schemes Act 2015 (c. 8), s. 89(3)(b), Sch. 4 para. 24 (with s. 87)
Commencement
- I1
Ss. 1-187 in force at 7.2.1994 by S.I. 1994/86, art. 2