Part IV Protection for Early Leavers

Chapter I Preservation of Benefit Under Occupational Schemes

65 Scope of Chapter I: the preservation requirements.

1

This Chapter has effect in relation to the preservation of benefit under occupational pension schemes to which it applies.

2

In this Act “the preservation requirements” means the requirements specified in or under sections 67 to 78.

3

This Chapter applies to any occupational pension scheme whose resources are derived in whole or in part from—

a

payments made or to be made by one or more employers of earners to whom the scheme applies, being payments either—

i

under an actual or contingent legal obligation; or

ii

in the exercise of a power conferred, or the discharge of a duty imposed, on a Minister of the Crown, government department or any other person, being a power or duty which extends to the disbursement or allocation of public money; or

b

such other payments by the earner or his employer, or both, as may be prescribed for different categories of scheme.