{
  "url": "https://openlegislation.uk/social-security-act-1986/schedule-2/paragraph-11",
  "json_url": "https://openlegislation.uk/social-security-act-1986/schedule-2/paragraph-11.json",
  "legislation": "ukpga/1986/50",
  "legislation_title": "Social Security Act 1986",
  "legislation_url": "https://openlegislation.uk/social-security-act-1986",
  "path": "schedule/2/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": null,
  "text": "In section 66(1) (interpretation)—\n(a) the following definition shall be inserted before the definition of “guaranteed minimum pension”—\n““average salary benefits” means benefits the rate or amount of which is calculated by reference to a member’s average salary over the period of service on which the benefits are based;”;\n(b) the following definitions shall be inserted after the definition of “long-term benefit”—\n““minimum payments” shall be construed in accordance with section 30 above;\n“money purchase benefits” in relation to an occupational pension scheme, means benefits the rate or amount of which is calculated by reference to a payment or payments made by a member of the scheme or by any other person in respect of a member, other than average salary benefits;\n“money purchase contracted-out scheme” means an occupational pension scheme which is contracted-out by virtue of satisfying section 32(2A) above;”;\n(c) the following definition shall be inserted after the definition of “the principal Act”—\n““protected rights” has the meaning given by Schedule 1 to the Social Security Act 1986 with the substitution made by section 32(2B) above.”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1986/50/schedule/2/paragraph/11",
    "retrieved_at": "2026-10-29T09:54:52.965433+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}