SCHEDULES

SCHEDULE 5 Transitional Provisions and Savings

Part II Specific Provisions

Contracting-out requirements for schemes providing guaranteed minimum pensions

9

The requirement of the Social Security Pensions (Northern Ireland) Order 1975 that for an occupational pension scheme to be contracted-out in relation to an earner’s employment it must provide requisite benefits shall, except so far as it relates to guaranteed minimum pensions, be treated for the purposes of section 33 of this Act as if it had never existed.