2001 No. 1355

PENSIONS

The Social Security (Reduced Rates of Class 1 Contributions, and Rebates) (Money Purchase Contracted-out Schemes) Order 2001

Made

Coming into force

Whereas the Secretary of State has, under section 42B of the Pension Schemes Act 1993, laid before each House of Parliament a report, stating what, in view of the report of the Government Actuary under that section, he considers the appropriate flat-rate and age-related percentages should be for the purposes of section 42A of that Act1:

And whereas a draft of the following Order was, in accordance with section 42B of the Pension Schemes Act 1993, laid before, and approved by a resolution of, each House of Parliament:

Now, therefore, the Secretary of State for Social Security, in exercise of powers conferred on him by section 42B of the Pension Schemes Act 1993 and sections 38B and 181(9A) of the Pension Schemes (Northern Ireland) Act 19932, and of all other powers enabling him in that behalf, hereby makes the following Order: