Amendment of the Occupational Pension Schemes (Scheme Funding) Regulations 200518

1

The Occupational Pension Schemes (Scheme Funding) Regulations 200533 are amended in accordance with this regulation.

2

In regulation 17 (exemptions – general)—

a

in paragraph (1)(l)34, after “a scheme” insert “or a section of a scheme”, and

b

in paragraph (2), after the definition of “section 615(6) scheme” insert—

  • “a section of a scheme” means a section of a multi-employer scheme where a specified part or proportion of the assets of the scheme is attributable to that section and cannot be used for the purposes of any other section of the scheme;

3

In Schedule 2 (modifications of the Act and Regulations) in paragraph 9 (schemes under which the rates of contributions are determined by the trustees or managers or by the actuary)—

a

in sub-paragraph (5)—

i

after “scheme under which” insert “any of”, and

ii

for “the rates shown in” substitute “any such rates forming part of”,

b

in sub-paragraph (6), for “the rates of contributions shown in this schedule” substitute “any rates of contributions forming part of this schedule which the scheme requires me to determine”, and

c

in sub-paragraph (7), after “to determine” insert “any of”.