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Pension Schemes Act 1993

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Changes over time for: Section 81

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Version Superseded: 30/12/2005

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Point in time view as at 14/06/1999. This version of this provision has been superseded. Help about Status

Changes to legislation:

Pension Schemes Act 1993, Section 81 is up to date with all changes known to be in force on or before 28 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

81 Discharge of liability where short service or alternative benefits secured by insurance policies or annuity contracts.E+W+S

A transaction to which section 19 applies discharges the trustees or managers of an occupational pension scheme from their liability to provide for or in respect of any person short service benefit or any alternative to short service benefit—

(a)if it is carried out not earlier than the time when that person’s pensionable service terminates; and

(b)if and to the extent that it results in short service benefit or any alternative to short service benefit for or in respect of that person being appropriately secured (within the meaning of that section); and

(c)if and to the extent that the requirements set out in paragraph (a) or (c) of section 19(5) are satisfied.

Commencement Information

I1Ss. 1-187 in force at 7.2.1994 by S.I. 1994/86, art. 2

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