Paragraph 59 I1

Section 51 (annual increase in rate of pension) is amended as follows.

For “the appointed day” (in each place) substitute “ 6 April 1997 ”.

For subsection (8) substitute—

“(8)

An occupational pension scheme is a “relevant occupational pension scheme” if—

(a)

it has not, at any time on or after 6 April 1997, been a salary related contracted-out scheme (see section 7B of the Pension Schemes Act 1993), or

(b)

it has, at any time on or after 6 April 1997, been a salary related contracted-out scheme but no person is entitled to receive, or has accrued rights to, benefits under the scheme attributable to a period on or after that day when it was such a scheme.”