Amendment of the Contracting-out (Transfer and Transfer Payment) Regulations 19962

1

The Contracting-out (Transfer and Transfer Payment) Regulations 19963 shall be amended in accordance with this regulation.

2

In regulation 64 (transfer payments in respect of guaranteed minimum pensions to overseas schemes)—

a

after “an overseas scheme” insert “or an overseas arrangement”;

b

in paragraph (b) for “the earner” to “applies” substitute “, where the receiving scheme is an occupational pension scheme, the earner is in employment to which the receiving scheme applies”;

c

in paragraph (d) insert “or arrangement”—

i

after “scheme” where that word first appears; and

ii

after “receiving scheme”; and

d

in paragraph (e) insert “or arrangement” after “receiving scheme”.

3

In regulation 11 (transfer payments to overseas schemes or arrangements in respect of section 9(2B) rights) in paragraph (b)—

a

omit from “the earner” to “and”; and

b

for “that he” substitute “the earner”.