The Occupational Pension Schemes (Preservation of Benefit) Regulations 1991

  1. Introductory Text

  2. 1. Citation, commencement and interpretation

  3. 2. Meaning of “employer”

  4. 3. Meaning of “member” and “prospective member”

  5. 4. Benefits included in supplementary credits

  6. 5. Short service benefit in lump sum form

  7. 6. Means of assuring short service benefit

  8. 7. Alternatives to short service benefit

  9. 8. Early retirement or deferred retirement

  10. 9. Bought out benefits

  11. 10. Money purchase benefits

  12. 11. Value of alternatives to short service benefit

  13. 11A.Further alternative to short service benefit - transfer to an overseas arrangement

  14. 11B.Further alternative to short service benefit – transfer to a European pensions institution without consent

  15. 12. Transfer of member’s accrued rights without consent

  16. 13. Benefits attributable to waiting periods

  17. 14. Computation of benefit-money purchase benefits

  18. 15. Computation of benefit-earnings related benefits

  19. 16. Computation of benefit-uniform accrual

  20. 17. Computation of benefit-rounding

  21. 18. Commutation of benefit

  22. 19. Widows, widowers, surviving civil partners and dependants

  23. 20. Deductions from short service benefit

  24. 21. Breaks in pensionable service

  25. 22. Postponement or suspension of benefit

  26. 23. Refunds of additional voluntary contributions

  27. 24. Schemes funded by level annual premiums

  28. 25. Schemes with an overseas element

  29. 26. Transfers to overseas schemes

  30. 27. Specific provisions to be included in scheme rules

  31. 27A.Information to be furnished to early leavers

  32. 27B.Offence and penalties

  33. 28. Related amendments to other Regulations

  34. 29. Revocations

  35. Signature

    1. SCHEDULE 1

      RELATED AMENDMENTS OF OTHER REGULATIONS

      1. 1. Amendment of the Occupational Pension Schemes (Discharge of Liability) Regulations 1985

      2. 2. Amendments of the Occupational Pension Schemes (Transfer Values) Regulations 1985

      3. 3. Amendment of the Occupational Pension Schemes (Disclosure of Information) Regulations 1986

      4. 4. Amendment of the Occupational Pension Schemes (Auditors) Regulations 1987

      5. 5. Amendments of the Occupational Pension Schemes (Qualifying Service-Consequential and Other Provisions) Regulations 1987

    2. SCHEDULE 2

      REVOCATIONS

    3. SCHEDULE 3

      Actuary’s certificate

      1. Given for the purposes of regulation 12(3) of the Occupational...

  37. Explanatory Note