Regulation 7 Amendments of the Occupational Pension Schemes (Discharge of Liability) Regulations 1985

(1)

The Occupational Pension Schemes (Discharge of Liability) Regulations 1985^f1 shall be amended in accordance with the provisions of this regulation.

(2)

Regulation 2(b)(ii) shall be amended by—

(a)

the substitution, for “in the case only of benefits which are not and do not include guaranteed minimum pensions”, of “subject, in the case of benefits which are or include guaranteed minimum pensions, to regulations 2A and 2B of the Contracting-out (Transfer) Regulations 1985”^f2; and

(b)

the insertion, at the end, of “or the granting of rights to money purchase benefits under a personal pension scheme”.

(3)

Regulation 3(1) shall be amended by—

(a)

the insertion, after “widow” in sub-paragraph (a), of “or her widower”;

(b)

the insertion, after “widow's” in sub-paragraph (b), of “or her widower's”;

(c)

the substitution, for “he” in sub-paragraph (b)(i), of “the earner”;

(d)

the substitution, for “his” in sub-paragraph (b)(ii), of “the earner's”; and

(e)

the substitution, for “he” in sub-paragraph (b)(iii), of “the earner”.

(4)

Regulation 4 shall be amended by the insertion, at the end of paragraph (b), of the following sub-paragraph—

“(iii)

if the earner is a woman, that if she dies or has died leaving a widower the annuity to be paid thereunder to him or for his benefit will be at least equal to the guaranteed minimum due to him, or prospectively due to him in the event of his being left as her widower; and”.

(5)

Regulation 5 shall be amended by the insertion, after “widow”, in both places where it occurs, of “or her widower”.

Annotations

Footnotes

f1: S.I. 1985/1929, to which there are amendments not relevant to these regulations.
f2: S.I. 1985/1323; the relevant amending instrument is S.I. 1987/1099.