SCHEDULES

SCHEDULE 4Abolition of contracting-out for defined contribution pension schemes

Part 1Amendments having effect as from abolition date

Pension Schemes Act 1993 (c. 48)

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(1)

Section 48A (additional pension and other benefits) is amended as follows.

(2)

In subsection (1) (effect of reductions and payments for contracted-out schemes on earnings factors) in paragraph (a) for “or 42A” substitute “or, in the case of a week falling before the abolition date, under section 42A (as it then had effect)”.

(3)

In paragraph (b) of that subsection, for “an amount is paid under section 45(1)” substitute “in the case of a week falling before the abolition date, an amount is paid under section 45(1) (as it then had effect)”.