The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 1992

Amendment of regulation 2 of the Occupational Pension Schemes Disclosure Regulations

5.  In regulation 2 of the Occupational Pension Schemes Disclosure Regulations (meaning of expressions “member” and “prospective member” in relation to a scheme), for paragraphs (2) and (3) there shall be substituted the following paragraphs—

“(2) There are to be regarded as members of an occupational pension scheme any persons who—

(a) are in pensionable service under the scheme;

(b) have rights under the scheme by virtue of such pensionable service; or

(c) have rights under the scheme by virtue of having been allowed transfer credits under the scheme.

(3) There are to be regarded as prospective members of an occupational pension scheme—

(a) any persons who are able, at their own option, to become members of the scheme, and

(b) any persons who, under the terms of their contracts of service and the scheme rules, will become so able if they continue in the same employment for a sufficiently long period.”.