The Occupational Pension Schemes (Schemes that were Contracted-out) (No.2) Regulations 2015

Alteration of scheme rules

20.  The rules of a scheme may be altered in relation to a guaranteed minimum under section 14 (earner’s guaranteed minimum) or 17 (minimum pensions for widows and widowers) of the 1993 Act only if the alterationF1 ...—

[F2 (a) would not—

(i) affect any of the matters dealt with in Part III of the 1993 Act (schemes that were contracted-out etc. and effects on members’ state scheme rights), or any regulations made under that Part, that relate to guaranteed minimum pensions, in a manner that would or might adversely affect any entitlement or accrued rights of any member of the scheme acquired before the alteration takes effect;

(ii) affect any of the matters dealt with in sections 87 to 92 of the 1993 Act (protection of increases in guaranteed minimum pensions) or sections 109 and 110 of that Act (annual increases of guaranteed minimum pensions) or any matters dealt with in regulations made under any of those provisions; or

(b) is made for either or both of the purposes referred to in regulation 7C(1) (modification of schemes: revaluation of guaranteed minimum pensions) of the Occupational Pension Schemes (Modification of Schemes) Regulations 2006.]

Textual Amendments

F1 Words in reg. 20 omitted (6.4.2016) by virtue of The Occupational and Personal Pension Schemes (Modification of Schemes - Miscellaneous Amendments) Regulations 2016 (S.I. 2016/231), regs. 1(2), 4(a)

F2 Reg. 20(a)(b) substituted for reg. 20(a)(b) (6.4.2016) by The Occupational and Personal Pension Schemes (Modification of Schemes - Miscellaneous Amendments) Regulations 2016 (S.I. 2016/231), regs. 1(2), 4(b)