The Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1996
Preliminary
1 Citation and commencement
2 Interpretation
Schemes which are not money purchase schemes
3 Calculation of the value of scheme liabilities and assets
3AValuation of liabilities where employer not insolvent and where winding up commences before 11th June 2003
3BValuation of liabilities where employer not insolvent and where winding up commences on or after 11th June 2003
3CValuation of liabilities where winding up commences, and date of calculation falls, on or after 15 February 2005
4 Multi-employer schemes
5 Former employers
6 Ceasing to participate: transitional provision
Money purchase schemes
7 Money purchase schemes: deficiency owing to fraud etc.
8 Multi-employer money purchase schemes
9 Former employers of money purchase schemes
General and supplementary
10 Disapplication of section 75
11 Minor modifications
12 Modification of schemes: apportionment of section 75 debts
13 Revocations and savings
SCHEDULE 1 FORM OF ACTUARY’S CERTIFICATE
ACTUARIAL CERTIFICATE GIVEN FOR THE PURPOSES OF REGULATION 3 OF THE OCCUPATION PENSION SCHEMES (DEFICIENCY ON WINDING UP ETC.) REGULATIONS 1996
Date as at which valuation is made......................
1ACTUARIAL CERTIFICATE GIVEN FOR THE PURPOSES OF REGULATION 3 OF THE OCCUPATION PENSION SCHEMES (DEFICIENCY ON WINDING UP ETC.) REGULATIONS 1996
ACTUARIAL CERTIFICATE GIVEN FOR THE PURPOSES OF REGULATION 3 OF THE OCCUPATION PENSION SCHEMES (DEFICIENCY ON WINDING UP ETC.) REGULATIONS 1996
The value of the assets of the scheme was..........................................................................
The amount of the liabilities was.........................................................................................
The amount of the difference was
2ACTUARIAL CERTIFICATE GIVEN FOR THE PURPOSES OF REGULATION 3 OF THE OCCUPATION PENSION SCHEMES (DEFICIENCY ON WINDING UP ETC.) REGULATIONS 1996
ACTUARIAL CERTIFICATE GIVEN FOR THE PURPOSES OF REGULATION 3 OF THE OCCUPATION PENSION SCHEMES (DEFICIENCY ON WINDING UP ETC.) REGULATIONS 1996
Signature........................................................................................................
Date..............................................................................................................
Name.............................................................................................................
Qualification....................................................................................................
Address..........................................................................................................
Name of employer.............................................................................................
(if applicable
Note:
The valuation of the amount of the liabilities of the...
SCHEDULE 2 MINOR MODIFICATIONS
1 Schemes covering United Kingdom and foreign employment
2(1) This paragraph applies in any case where a scheme...
3 Schemes with partial government guarantee
4 Schemes providing salary-related death benefits

1996 No. 3128

PENSIONS

The Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1996

Made

Laid before Parliament

Coming into force in accordance with regulation 1(2) to (6)

The Secretary of State for Social Security, in exercise of the powers conferred on him by sections 68(2)(e), 75(5), (9) and (10), 89(2), 118(1)(a) and (b), 119, 124(1), 125(2), (3) and (4)(a) and 174(2) and (3) of the Pensions Act 1995M1 and of all other powers enabling him in that behalf, by this instrument, after consultation with such persons as he considered appropriateM2, hereby makes the following regulations: —C1

Annotations:
Modifications etc. (not altering text)
Marginal Citations
M1

1995 c.26. Section 124(1) is cited for the meaning given to “prescribed" and “regulations".

M2

See section 120(1) of the Pensions Act 1995.