Regulation 3 Amendments of the Occupational Pensions Board (Determinations and Review Procedure) Regulations 1976

(1)

The Occupational Pensions Board (Determinations and Review Procedure) Regulations 1976^f1 shall be amended in accordance with the provisions of this regulation.

(2)

In regulation 1(2), after the definition of “employer”, there shall be inserted the following definition—

““money purchase contracted-out scheme” has the same meaning as in the Social Security Pensions Act 1975^f2”.

(3)

In regulation 4(2)—

(a)

in each of sub-paragraphs (a) and (b), after “where” there shall be inserted “the scheme is not a money purchase contracted-out scheme, and”; and

(b)

after sub-paragraph (b) there shall be added “or” and the following sub-paragraph—

“(c)

in a case where the scheme is a money purchase contracted-out scheme, and the Board consider that the scheme has ceased to satisfy the requirements for continuing to be a contracted-out scheme, in which case the date may be a date not earlier than the date on which, in the opinion of the Board, it ceased to satisfy those requirements.”.

Annotations

Footnotes

f1: S.I. 1976/185; the relevant amending instruments are S.I. 1981/129, 1986/1716.
f2: 1975 c. 60. For the definition, see section 66(1) as amended by the Social Security Act 1986 (c. 50), section 6 and Schedule 2, paragraph 11(b).