# Pensions Act 1995, Paragraph 55


In section 61 (deduction of contributions equivalent premium from refund of scheme contributions)—
(a) in subsection (1), for paragraph (a) there is substituted—
“(a) an earner’s service in contracted-out employment ceases or his employment ceases to be contracted-out employment, and”,
(b) in subsection (8)—
(i) for paragraph (a) there is substituted—
“(a) an earner’s service in contracted-out employment ceases or his employment ceases to be contracted-out employment”, and
(ii) for “termination” there is substituted “ cessation ”, and
(c) in subsection (9), for “termination” (in both places) there is substituted “ cessation ”.

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Source: https://www.legislation.gov.uk/ukpga/1995/26/schedule/5/paragraph/55 (the official version)
Page: https://openlegislation.uk/pensions-act-1995/schedule-5/paragraph-55
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.