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Occupational Pension Schemes (Contracting-out) Regulations 1996
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- UK Statutory Instruments
- 1996 No. 1172
- PART VII
- Regulation 56
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Special provision for revaluation of guaranteed minimum pensions secured by insurance policies or annuity contracts.
56. A scheme may make provision under section 16(2) of the 1993 Act (alternative to revaluation of guaranteed minimum pensions under section 148 of the Administration Act) for the case of those of its members whose guaranteed minimum pensions are, or are to be, appropriately secured within the meaning of section 19(3) of the 1993 Act, notwithstanding that it makes no such provision for any other case.
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