The Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1994

Statutory Instruments

1994 No. 895

PENSIONS

The Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1994

Made

23rd March 1994

Laid before Parliament

29th March 1994

Coming into force

19th April 1994

The Secretary of State for Social Security, in exercise of his powers under sections 144(5), 153(5)(a) and (b), 181(1), 182(2) and (3) and 183(3) of the Pension Schemes Act 1993(1) and of all other powers enabling him in that behalf, after considering the report of the Occupational Pensions Board on proposals submitted to them and the Board having agreed that remaining proposals need not be referred to them(2), hereby makes the following Regulations:

(1)

1993 c. 48. Section 181(1) is cited because it contains definitions of “prescribe” and “regulations”.

(2)

See section 185(1) and (6) of the Pension Schemes Act 1993 and section 173(1)(b) of the Social Security Administration Act 1992 (c. 5). The proposals referred to the Board concerned the amendment of the Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1992 S.I. 1992/1555. These Regulations revoke and replace those Regulations and incorporate the proposed amendments on which the Board reported. The Board have agreed that the proposal to replace the previous regulations in amended form by these Regulations need not be referred to them.