Article 2 Interpretation

In this Order—

• “the Board” means the Board of the Pension Protection Fund;

• “contracted-out employment” has the meaning given by section 4^f1 of the Pension Schemes Act (meaning of “contracted-out employment”, “guaranteed minimum pension” and “minimum payment”);

• “contracted-out occupational pension scheme” is a scheme which satisfied the requirements in section 3B^f2 of the Pension Schemes Act (meaning of “contracted-out scheme” and “appropriate scheme” etc.);

• “guaranteed minimum pension” has the meaning given by section 4 of the Pension Schemes Act;

• “HMRC” means the Commissioners for Her Majesty’s Revenue and Customs;

• “National Insurance Fund” has the meaning given in section 176(1) of the Pension Schemes Act;

• “normal pension age” has the meaning given in section 175 of the Pension Schemes Act;

• “pensionable age” has the meaning given in section 176(1)^f3 of the Pension Schemes Act;

• “relevant person” means—

  1. (a)

     in a case where a transfer has been made in relation to the scheme under Article 145 of the 2005 Order (effect of Board assuming responsibility for a scheme), the Board, and

  2. (b)

     in all other cases, the trustees or managers of the scheme;

• “the second abolition date” has the meaning given in section 3A^f4 of the Pension Schemes Act.