# Social Security Act 1985, Section 2: Transfer and revaluation.

Extent: E+W+S

The Social Security Pensions Act 1975 shall be amended in accordance with Schedule 1 to this Act—
(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;
(b) to provide for the extinguishment of the liability of schemes to provide benefits which are secured by policies of insurance or annuity contracts;
(c) to make further provision as to the revaluation of benefits under schemes; and
(d) to ensure that schemes provide transfer values for their members.

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Source: https://www.legislation.gov.uk/ukpga/1985/53/section/2 (the official version)
Page: https://openlegislation.uk/social-security-act-1985/section-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.