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Pensions Act 2004

Pensions Act 2004

2004 CHAPTER 35

Commentary on Sections

Part 9 – Miscellaneous and Supplementary

Dissolution of existing bodies

Section 301: Transfer of employees from Opra to the Regulator

1276.Subsection (1) of this section provides that the terms and conditions of employment of staff who transfer from Opra to the Regulator will be protected by the transfer expressly being made subject to the provisions of the Transfer of Undertakings (Protection of Employment) Regulations 1981 (SI 1981/1794). However, as those Regulations do not protect occupational pension rights, subsection (2) expressly allows for such rights relating to such staff to be protected.

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