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The Pensions Act 2008 (Commencement No. 3 and Consequential Provisions) Order 2009

S.I. 2009/809 · Made 26 March 2009

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Pensions

Made 26th March 2009

The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 144(2) and (4) and 149(1) of the Pensions Act 2008f1.

Annotations to the whole text

Footnotes

f1

2008 c.30.

Contents

  1. 1Citation
  2. 2Commencement of provisions
  3. 3Consequential provisions
  4. Signature
  5. Explanatory note

1Citation

This Order may be cited as the Pensions Act 2008 (Commencement No. 3 and Consequential Provisions) Order 2009.

2Commencement of provisions

(1)

The following provisions of the Pensions Act 2008 come into force on 1st April 2009—

(a)

section 122 in so far as it relates to the provisions listed in sub-paragraph (b) of this paragraph, and

(b)

in Schedule 8—

(i)

paragraphs 1 to 9,

(ii)

paragraph 13 for the purpose only of the insertion by paragraph 14 of paragraphs 25B to 25F of Schedule 7 to the Pensions Act 2004f1 (but not for the purpose of making regulations or any other purpose),

(iii)

paragraph 14 except for the purpose of the deferral of compensation entitlement in the definition of “relevant age” in the inserted paragraph 25B, and

(iv)

paragraphs 16 to 18.

(2)

The following provisions of the Pensions Act 2008 come into force on 6th April 2009—

(a)

section 101(1) in so far as it relates to Part 2 of Schedule 2, and

(b)

Part 2 of Schedule 2.

3Consequential provisions

(1)

In the heading to regulation 15 of the Pension Protection Fund (Compensation) Regulations 2005f1 (manner of determining the revaluation percentage in certain cases), after “manner of determining the” insert “higher”.

(2)

In regulation 15 of those Regulations, for “paragraph 17(4)(a)” substitute “paragraph (a) of the definition of “higher revaluation percentage” in paragraph 17(4)”.

(3)

The amendments made by this article have effect from 6th April 2009.

Signature

Signed by authority of the Secretary of State for Work and Pensions.

Jonathan Shaw.

Parliamentary Under-Secretary of State,

Department for Work and Pensions

26th March 2009

Explanatory note

(This note is not part of the Order)

This Order brings into force provisions in the Pensions Act 2008 (c.30) (“the Act”) on 1st April 2009 and on 6th April 2009. These provisions relate to the Pension Protection Fund.

Article 3 amends the Pension Protection Fund (Compensation) Regulations 2005 (S.I. 2005/670) in consequence of Part 2 of Schedule 2 to the Act coming into force.

A full Impact Assessment has not been produced for this Order as no impact on the private or voluntary sectors is foreseen.