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”.