The Contracting-out, Protected Rights and Safeguarded Rights (Transfer Payment) Amendment Regulations 2005 No. 555

Amendment of the Contracting-out (Transfer and Transfer Payment) Regulations 1996

2.—(1) The Contracting-out (Transfer and Transfer Payment) Regulations 1996(1) shall be amended in accordance with this regulation.

(2) In regulation 6(2) (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”.

(1)

S.I. 1996/1462. The relevant amending instrument is S.I. 1997/786.

(2)

Regulation 6 was amended by S.I. 1997/786.