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The Pensions Act 2014 (Contributions Equivalent Premium) (Consequential Provision) and (Savings) (Amendment) Order 2016

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2.  In this Order—

“the 1992 Act” means the Social Security Contributions and Benefits Act 1992(1);

“the 1993 Act” means the Pension Schemes Act 1993(2);

“the 2004 Act” means the Pensions Act 2004(3);

“contracted-out employment” has the meaning given by section 8 (meaning of “contracted-out employment”, “guaranteed minimum pension” and “minimum payment”)(4) of the 1993 Act;

“contracted-out occupational pension scheme” is a scheme which satisfied the requirements in section 7B (meaning of “contracted-out scheme” and “appropriate scheme”, etc.)(5) of the 1993 Act;

“guaranteed minimum pension” has the meaning given by section 8 of the 1993 Act;

“normal pension age” has the meaning given by section 180 (normal pension age) of the 1993 Act;

“pensionable age” has the meaning given by section 181 (general interpretation)(6) of the 1993 Act;

“relevant person” means—

(a)

in a case where a transfer has been made in relation to the scheme under section 161 of the 2004 Act (effect of Board assuming responsibility for a scheme), the Board of the Pension Protection Fund (as defined in that Act); and

(b)

in all other cases, the trustees or managers of the scheme; and

“the second abolition date” has the meaning given by section 7A(7) of the 1993 Act.

(4)

Section 8 was amended by paragraph 23 of Schedule 5 and part 7 of Schedule 7 to the Pensions Act 1995 (c.26), paragraph 34(a) of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c.2), paragraph 1 of Schedule 1 to S.I. 2005/2050, paragraphs 1, 2, 3, 7(1) and (4), 46 and 47 of Schedule 4 and part 7 of Schedule 7 to the Pensions Act 2007 (c.22) (with the savings detailed in part 3 of Schedule 4 of that Act), paragraphs 7 and 8 of Schedule 1 to the National Insurance Contributions Act 2008 (c.16), paragraphs 18 and 19 of Schedule 4 to the Marriage (Same Sex Couples) Act 2013 (c.30) (and paragraph 11 of Schedule 5 to S.I. 2014/3229 in relation to Scotland) and paragraphs 1, 2 and 7 of Schedule 13 to the Pensions Act 2014.

(5)

Section 7B was inserted by paragraphs 1 and 6 of Schedule 13 to the Pensions Act 2014.

(6)

The definition of “pensionable age” in section 181 was substituted by paragraph 17 of Schedule 4 to the Pensions Act 1995.

(7)

Section 7A was inserted by paragraphs 1 and 6 of Schedule 13 to the Pensions Act 2014.

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