Regulation 13 Amendment of the Occupational Pension Schemes (Age-related Payments) Regulations 1997
The Occupational Pension Schemes (Age-related Payments) Regulations 1997f1 shall have effect with the following amendments.
(2)
In each of regulations 4 and 7 (age-related payments not to be paid if an earner’s age allows his admission only to a money purchase scheme)—
(a)
for “If” substitute
“—
(1)Subject to paragraph (2), if”;
(b)
after paragraph (1) add—
“(2)Paragraph (1) shall not apply if—
(a)the rules of the schemes established by the employer allow an earner to be admitted to a scheme contracted-out under section 9(2), or the salary-related part of a relevant scheme, only when the earner has reached a specified age, and
(b)on his admission to a scheme established by the employer, the earner has not reached that age.”.
Annotations
Footnotes
- f1
-
S.I. 1997/946.