# The Social Security (Contributions) (Amendment No. 2) Regulations 2012, Regulation 3: Amendments relating to the abolition of certain types of contracted-out pensions


In paragraph (2) of regulation 1 (citation, commencement and interpretation)—
(a) omit ““COMPS employment” means employment in respect of which minimum payments are made to a money purchase pension scheme contracted out under section 9(3) of the Pensions Act;”; and
(b) in the definition of “contracted-out rate”—
(i) in sub-paragraph (a) for “upper earnings limit” substitute “upper accrual point”; and
(ii) omit sub-paragraph (b).

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Source: https://www.legislation.gov.uk/uksi/2012/817/regulation/3 (the official version)
Page: https://openlegislation.uk/social-security-contributions-amendment-no-2-regulations-2012/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.