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SCHEDULES

SCHEDULE 4E+W+SAbolition of contracting-out for defined contribution pension schemes

Part 1 E+W+SAmendments having effect as from abolition date

Pension Schemes Act 1993 (c. 48)E+W+S

34(1)Section 181 (general interpretation) is amended as follows.E+W+S

(2)In subsection (1)—

(a)at the appropriate places insert—

abolition date” means the day appointed for the commencement of section 15(1) of the Pensions Act 2007;;

HMRC” means the Commissioners for Her Majesty's Revenue and Customs;;

(b)for the definition of “appropriate scheme certificate” and references to an appropriate scheme, substitute—

“appropriate scheme” and “appropriate scheme certificate” are to be construed in accordance with section 181A;;

(c)in the definition of “contracting-out certificate” and references to contracted-out scheme and to contracting-out, at the end insert “and section 181A”;

(d)for the definition of “money purchase contracted-out scheme” substitute—

money purchase contracted-out scheme” is to be construed in accordance with section 181A;.

(3)In subsection (4) (regulations may prescribe the persons who are to be regarded as members or prospective members of an occupational scheme etc.) omit “, 44”.