Pension Schemes Act 1993

The Social Security Administration Act 1992 (c. 5)

24 In section 3(1)(c)(ii) of the Social Security Administration Act 1992 for the words “the Pensions Act” there shall be substituted the words “the Social Security Pensions Act 1975”.

25 At the end of section 70(3) of that Act there shall be inserted the words “or

(k) the Pensions Act”.

26 In section 110(8) of that Act for paragraphs (d) and (e) there shall be substituted—

“(d) the Social Security Pensions Act 1975; and

(e) the Pensions Act”.

27 In section 148(7) of that Act for the words “section 21 of the Pensions Act” there shall be substituted the words “section 21 of the Social Security Pensions Act 1975”.

28 In section 150 of that Act—

(a) in subsection (1)(e), for the words “section 35(6)” and “section 36(3)” there shall be substituted respectively the words “section 15(1)” and “section 17(2)”;

(b) after subsection (10) there shall be inserted—

“(10A) Where a member of an appropriate personal pension scheme or a money purchase contracted-out scheme continues in employment after attaining pensionable age and the commencement of his pension under the scheme is postponed, the preceding provisions of this section shall have effect as if—

(a) the guaranteed minimum pension to which he is treated as entitled by virtue of section 48(2)(a) of the Pensions Act were subject to increases in accordance with the provisions of section 15(1) of that Act; and

(b) the amounts of any notional increases referred to in paragraph (a) above were subject to annual up-rating in the same way as if they were sums to which subsection (1)(e)(i) above applied.”; and

(c) in subsection (11), for the words “the Pensions Act” there shall be substituted the words “the Social Security Pensions Act 1975

29 In section 151 of that Act—

(a) in subsection (4), for the words “section 35(6)” and the words “section 37A” in both places where they occur there shall be substituted respectively the words “section 15(1)” and “section 109”; and

(b) in subsection (5), for the words “section 35(6)” and “section 36(3)” there shall be substituted respectively the words “section 15(1)” and “section 17(2)”.

30 In section 155(7) of that Act, for the words “the Pensions Act” there shall be substituted the words “the Social Security Pensions Act 1975”.

31 In section 191 of that Act—

(a) the following definitions shall be inserted at the appropriate places—

““money purchase contracted-out scheme” has the same meaning as in section 8(1)(a)(ii) of the Pensions Act;” and

““pensionable age” has the same meaning as in section 122 of the Contributions and Benefits Act”;

(b) in the definition of “occupational pension scheme”, for the words “section 66(1)” there shall be substituted the words “section 1”;

(c) in the definition of “the Pensions Act”, for the words “Social Security Pensions Act 1975” there shall be substituted the words “Pension Schemes Act 1993”;

(d) in the definition of “personal pension scheme”, for the words “section 84(1) of the 1986 Act” there shall be substituted the words “section 1 of the Pensions Act” and at the end of that definition there shall be added the words “and “appropriate”, in relation to such a scheme, shall be construed in accordance with section 7(4) of that Act.”.