Part III Certification of Pension Schemes and Effects on Members’ State Scheme Rights and Duties

Chapter III Termination of contracted-out or appropriate scheme status: state scheme premiums

State scheme premiums

60 Effect of payment of premiums on rights.

F1(1)

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F1(2)

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F1(3)

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(4)

Payment of a contributions equivalent premium in the circumstances mentioned in section F255(2A)(a) and (b), (d) and (e) shall extinguish the earner’s accrued rights to guaranteed minimum pensions under the relevant scheme F3or (in relation to service on or after the principal appointed day) rights to pensions under the scheme so far as attributable to the amount of the premium.

(5)

Payment of a contributions equivalent premium in the circumstances mentioned in section F455(2A)(c) shall extinguish any such accrued rights in respect of the earner’s F5widow, widower or surviving civil partner.

F6(6)

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F6(7)

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F6(8)

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F6(9)

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F6(10)

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