# Pension Schemes Act 1993, Section 130: Extra-statutory benefits.


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 Chapter 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.

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Source: https://www.legislation.gov.uk/ukpga/1993/48/section/130 (the official version)
Page: https://openlegislation.uk/pension-schemes-act-1993/section-130
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.