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Regulation 13 Amendment of the Occupational Pension Schemes (Age-related Payments) Regulations 1997

Original text. Later amendments are not shown.

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.