Social Security Act 1973 (c. 38)

PART II U.K. Occupational Pension Schemes

Recognition U.K.

[F1 59 Financing and security of minimum benefits. E+W+S

(1) For the purposes of this Part of this Act the resources of an occupational pension scheme are the funds out of which the benefits provided by the scheme . . . F2 are payable from time to time, including the proceeds of any policy of insurance taken out, or annuity contract entered into, for the purposes of the scheme.

(2)–(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3 ]

Textual Amendments

F1 S. 59 repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6

F2 Words repealed by Social Security Pensions Act 1975 (c. 60), Sch. 5 w.e.f. 7.8.75.

F3 Ss. 51(1),(2),(4),(6),(8),(9), 52(1)–(7)(9), 53–57, 58(3)–(5), 59(2)–(9), 60–62 repealed by Social Security Pensions Act 1975 (c. 60), Sch. 5 and S.I. 1975/1503 (N.I. 15), Sch. 6