{
  "url": "https://openlegislation.uk/social-security-act-1985/section-2",
  "json_url": "https://openlegislation.uk/social-security-act-1985/section-2.json",
  "legislation": "ukpga/1985/53",
  "legislation_title": "Social Security Act 1985",
  "legislation_url": "https://openlegislation.uk/social-security-act-1985",
  "path": "section/2",
  "kind": "section",
  "number": "2",
  "heading": "Transfer and revaluation.",
  "text": "The Social Security Pensions Act 1975 shall be amended in accordance with Schedule 1 to this Act—\n(a) to introduce a premium payable in certain cases where an earner ceases to be in employment to which an occupational pension scheme applies and there is a transfer of his accrued rights;\n(b) to provide for the extinguishment of the liability of schemes to provide benefits which are secured by policies of insurance or annuity contracts;\n(c) to make further provision as to the revaluation of benefits under schemes; and\n(d) to ensure that schemes provide transfer values for their members.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "1975 c. 60."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1985/53/section/2",
    "retrieved_at": "2026-10-29T10:00:00.568833+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}