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Welfare Reform and Pensions Act 1999
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Changes over time for: Paragraph 61
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There are currently no known outstanding effects for the Welfare Reform and Pensions Act 1999, Paragraph 61.
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61(1)Section 124 is amended as follows.E+W+S
(2)In subsection (1), in the definition of “member”, for “or pensioner” there is substituted “ , pensioner or pension credit ”.
(3)In that subsection, after the definition of “payment schedule” there is inserted—
““pension credit” means a credit under section 29(1)(b) of the Welfare Reform and Pensions Act 1999, or under corresponding Northern Ireland legislation,
“pension credit member”, in relation to an occupational pension scheme, means a person who has rights under the scheme which are attributable (directly or indirectly) to a pension credit,
“pension credit rights”, in relation to an occupational pension scheme, means rights to future benefits under the scheme which are attributable (directly or indirectly) to a pension credit,”.
(4)After subsection (2) there is inserted—
“(2A)In subsection (2)(a), the reference to rights which have accrued to or in respect of the member does not include any rights which are pension credit rights.”
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