The Pension Sharing (Contracting-out) (Consequential Amendments) Regulations 2000

Amendment of the Occupational Pension Schemes (Mixed Benefit Contracted-out Schemes) Regulations 1996

3.  In regulation 4 of the Occupational Pension Schemes (Mixed Benefit Contracted-out Schemes) Regulations 1996(1) (transfers between parts of a relevant scheme)—

(a) in paragraph (1) after sub-paragraph (b) there shall be inserted the following sub-paragraph:

“(c) Part III of the Pension Sharing (Pension Credit Benefit) Regulations 2000(2).”;

(b) in paragraph (2)—

(i) after the words “or accrued section 9(2B) rights” there shall be inserted the words “or the safeguarded rights of a relevant transferee”,

(ii) in sub-paragraph (b) after the word “earner” there shall be inserted the words “or, as the case may be, the relevant transferee”, and

(iii) in sub-paragraph (c) for the words “or section 9(2B) rights” there shall be substituted the words “, section 9(2B) rights or, as the case may be, safeguarded rights”; and

(c) after paragraph (2) there shall be added the following paragraph:

“(3) In paragraph (2) above—

“relevant transferee” means any person for whose benefit an order or provision is made by virtue of which section 29 of the Welfare Reform and Pensions Act 1999 applies, where that order or provision relates to the rights of a person who is a member of the scheme; and

“safeguarded rights” has the same meaning as in section 68A of the 1993 Act.”.

(1)

S.I. 1996/1977.

(2)

S.I. 2000/1054, amended by S.I. 2000/2691.