Occupational Pension Schemes (Contracting-out) Regulations 1996

1. Introductory TextNext Match

2. PART I PRELIMINARYPrevious MatchNext Match

   1. 1. Citation, commencement and interpretation.Previous MatchNext Match

3. PART II CERTIFICATION OF EMPLOYMENTSPrevious MatchNext Match

   1. 2. Making of elections for the issue of contracting-out certificatesPrevious MatchNext Match

   2. 3. Notices by employers of intended election.Previous MatchNext Match

   3. 4. Consultation with trade unions.Previous MatchNext Match

   4. 5. Time for making an election.Previous MatchNext Match

   5. 6. Information to be included in an election.Previous MatchNext Match

   6. 7. Amendment of an election.Previous MatchNext Match

   7. 8. Issue of contracting-out certificates.Previous MatchNext Match

   8. 9. Making of elections by employers for the variation or surrender of contracting-out certificates.Previous MatchNext Match

   9. 10. Special provision with regard to elections for the issue, variation or surrender of certificates where (before the second abolition date) the employment remains contracted-out.Previous MatchNext Match

   10. 11. Special circumstances in which the Secretary of State may determine earners to have been in contracted-out employmentPrevious MatchNext Match

   11. 12. Special provision for holding companies and subsidiariesPrevious MatchNext Match

   12. 13. Special provision for public service pension schemes.Previous MatchNext Match

   13. 14. Special provision for holders of pensionable judicial office.Previous MatchNext Match

   14. 15. Further information and change of circumstances.Previous MatchNext Match

   15. 16. Requirement to confirm relevant requirements are satisfied.Previous MatchNext Match

4. PART III SALARY-RELATED CONTRACTED-OUT SCHEMESPrevious MatchNext Match

   1. 17. Further contracting-out conditions for salary-related contracted-out schemesPrevious MatchNext Match

   2. 18. Requirement as to resources of the scheme.Previous MatchNext Match

   3. 19. Lump sum benefits and salary-related contracted-out schemes.Previous MatchNext Match

   4. 20. Payment of a lump sum instead of a pension payable under a relevant schemePrevious MatchNext Match

   5. 20A. Suspension of section 9(2B) rightsPrevious MatchNext Match

   6. 21. Payable age in salary-related contracted-out schemes.Previous MatchNext Match

   7. 22. Each part of scheme to comply with section 12A of the 1993 Act.Previous MatchNext Match

   8. 23. Requirements for meeting the statutory standard.Previous MatchNext Match

   9. 24. Circumstances when actuary other than actuary appointed under section 47 of the 1995 Act may certify broad equivalence.Previous MatchNext Match

   10. 25. Requirements for a reference scheme.Previous MatchNext Match

   11. 26. Reference scheme: circumstances in which widows', widowers' or surviving civil partners' pensions need not be payablePrevious MatchNext Match

   12. 27. Modification applying to public service pension schemes.Previous MatchNext Match

   13. 28. Service in a salary-related contracted-out scheme that does not qualify for further benefitsPrevious MatchNext Match

   14. 29. Schemes which cannot be certified under section 9(2B) of the 1993 Act.Previous MatchNext Match

5. PART IV MONEY PURCHASE CONTRACTED-OUT SCHEMESPrevious MatchNext Match

   1. 30. Further contracting-out requirements for money purchase contracted-out schemesPrevious MatchNext Match

   2. 31. Deduction of minimum payments from earnings.Previous MatchNext Match

   3. 32. Minimum payments to be made by employers to trustees.Previous MatchNext Match

   4. 33. Calculation of minimum payments.Previous MatchNext Match

   5. 34. Manner of calculation or estimation of earnings.Previous MatchNext Match

   6. 35. Manner of payment of the age-related payment.Previous MatchNext Match

   7. 36. Verification of age.Previous MatchNext Match

   8. 37. Circumstances in which the age-related payments are not to be paid.Previous MatchNext Match

   9. 38. Adjustment of the amount of the age-related payment.Previous MatchNext Match

   10. 39. Circumstances in which schemes may change mode of contracting-out.Previous MatchNext Match

   11. 40. Schemes which may not be contracted-out under section 9(3) of the 1993 Act.Previous MatchNext Match

6. PART V FURTHER REQUIREMENTS (ALL SCHEMES) AND OVERSEAS SCHEMESPrevious MatchNext Match

   1. 41. Provision of information as to resources.Previous MatchNext Match

   2. 42. Alteration of rules of contracted-out schemes.Previous MatchNext Match

   3. 43. Termination of periods of contracted-out employment.Previous MatchNext Match

   4. 44. Notifications to the Secretary of State.Previous MatchNext Match

   5. 45. Approval of arrangements for schemes ceasing to be contracted-out.Previous MatchNext Match

   6. 46. Supervision of schemes that have ceased to contract out before the second abolition date.Previous MatchNext Match

   7. 47. Circumstances in which the Secretary of State may vary or cancel a contracting-out certificate.Previous MatchNext Match

   8. 48. Special provision for overseas schemes.Previous MatchNext Match

7. PART VI RESTORATION OF STATE SCHEME RIGHTSPrevious MatchNext Match

   1. 49. Insolvent schemes.Previous MatchNext Match

   2. 50. Member to be informed of the option to restore state scheme rights.Previous MatchNext Match

   3. 50A. Persons to be regarded as membersPrevious MatchNext Match

   4. 51. Contributions equivalent premiumsPrevious MatchNext Match

   5. 52. Payment of a contributions equivalent premium.Previous MatchNext Match

   6. 53. Payment in lieu of benefit and delay in refund for the purposes of employer’s right of recovery.Previous MatchNext Match

   7. 54. Refund of a contributions equivalent premium.Previous MatchNext Match

8. PART VII GUARANTEED MINIMUM PENSIONSPrevious MatchNext Match

   1. 55. Scheme rules about guaranteed minimum pensionsPrevious MatchNext Match

   2. 56. Special provision for revaluation of guaranteed minimum pensions secured by insurance policies or annuity contracts.Previous MatchNext Match

   3. 57. Circumstances for the purposes of section 17(6) of the 1993 Act in which widower’s, widow’s or surviving civil partner's guaranteed minimum pension is to be payable.Previous MatchNext Match

   4. 58. Period for the purposes of section 17(6) of the 1993 Act for which widower’s, widow’s or surviving civil partner's guaranteed minimum pension is to be payable.Previous MatchNext Match

   5. 59. Statutory references to persons entitled to guaranteed minimum pensions application to widowers, widows of female earners and surviving civil partners

   6. 60. Payment of a guaranteed minimum pension as a lump sumPrevious MatchNext Match

   7. 61. Suspension and forfeiture of guaranteed minimum pensions.Previous MatchNext Match

   8. 62. Fixed rate revaluation of guaranteed minimum pensions for early leavers.Previous MatchNext Match

   9. 63. Provision of information about guaranteed minimum pensions.Previous MatchNext Match

   10. 64. Meaning of expression “connected employer".Previous MatchNext Match

   11. 65. Modification of section 16 of the 1993 Act.Previous MatchNext Match

   12. 66. Circumstances in which the modifications to the 1993 Act set out in regulation 65 apply.Previous MatchNext Match

   13. 67. Modification of section 51(1) of the 1993 Act in relation to revaluation and schemes which have ceased to be contracted-out.Previous MatchNext Match

   14. 68. Additional modifications relating to transfers and increases of earnings factors by 12 per cent..Previous MatchNext Match

   15. 69. Miscellaneous provisions affecting section 51 of the 1993 Act.Previous MatchNext Match

   16. 69A. Conversion of guaranteed minimum pensions into other benefits: actuarial equivalencePrevious MatchNext Match

   17. 69B. Conversion of guaranteed minimum pensions into other benefits: survivors’ benefitsPrevious MatchNext Match

9. PART VIII TRANSITIONAL ARRANGEMENTS AND SAVINGSPrevious MatchNext Match

   1. 70. Transitional arrangements for certification of schemes.Previous MatchNext Match

   2. 71. Elections for replacement certificates by salary-related schemes during transitional period.Previous MatchNext Match

   3. 72. Transitional requirements as to sufficiency of resources of salary-related schemes.Previous MatchNext Match

   4. 73. Transitional arrangements and savings for salary-related schemes which have begun winding up before the principal appointed day.Previous MatchNext Match

   5. 74. Transitional arrangements in relation to the powers of the Secretary of State to approve arrangements for schemes ceasing to contract out before the principal appointed day.Previous MatchNext Match

   6. 75. Transitional modifications to sections 35 and 36 of the 1993 Act.Previous MatchNext Match

   7. 76. Prevention of recovery by employers of Class 1 contributions where certificate cancelled under section 36(3) of the 1993 Act.Previous MatchNext Match

   8. 76A. Transitional arrangements for schemes contracted-out under section 9(2) of the 1993 Act to become contracted-out under section 9(3) of that ActPrevious MatchNext Match

   9. 76B. Former requirements for consent for alterations of rulesPrevious MatchNext Match

   10. 77. Savings in respect of State Scheme Premiums.Previous MatchNext Match

10. PART IX REVOCATIONSPrevious MatchNext Match

    1. 78. Revocations.Previous MatchNext Match

11. Signature Previous MatchNext Match

12. 1. SCHEDULE 1Previous MatchNext Match

       PROVISIONS CONFERRING POWERS EXERCISED IN MAKING THESE REGULATIONSPrevious MatchNext Match

    2. SCHEDULE 2Previous MatchNext Match

       REVOCATIONSPrevious MatchNext Match

    3. SCHEDULE 3Previous MatchNext Match

       Further requirements for meeting the statutory standardPrevious MatchNext Match

       1. 1. The actuary must complete a reference scheme test certificate. Previous MatchNext Match

       2. 2. The reference scheme test certificate must— (a) certify whether in...Previous MatchNext Match

       3. 3. The actuary must— (a) send the completed reference scheme test...Previous MatchNext Match

       4. 4. Where the actuary is sending the first reference scheme test...Previous MatchNext Match

       5. 5. (1) Where the employer asks the actuary to advise whether...Previous MatchNext Match

       6. 6. Where the scheme calculates pensions by different methods for different...Previous MatchNext Match

       7. 7. The actuary must not complete a reference scheme test certificate...Previous MatchNext Match

       8. 8. Where an employer asks for a separate reference scheme test...Previous MatchNext Match

       9. 9. Where— (a) an employer has two or more schemes, and...Previous MatchNext Match

       10. 10. The actuary must use any information about the earner’s remuneration...Previous MatchNext Match

       11. 11. Where— (a) the actuary is satisfied that the information about...Previous MatchNext Match

       12. 12. (1) This paragraph applies where, on the effective date, the...Previous MatchNext Match

       13. 13. (1) The pensions provided under the scheme for the purposes...Previous MatchNext Match

       14. 14. (1) For the purposes of carrying out the comparison under...Previous MatchNext Match

       15. 15. (1) For the purposes of carrying out the comparison under...Previous MatchNext Match

       16. 16. (1) Subject to sub-paragraph (2), this paragraph applies in each...Previous MatchNext Match

       17. 17. In this Schedule— “accrual rate” means the rate at which,...Previous MatchNext Match

13. Explanatory Note Previous Match