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The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) (No. 2) Regulations 2011

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Amendments to the Social Security Administration Act 1992

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2.—(1) The Social Security Administration Act 1992(1) is amended as follows.

(2) In section 150 (annual up-rating of benefits) in subsection (10A)(2), after “a member of”, insert “a scheme which was at a time before the abolition date, as defined by section 181(1) of the Pensions Act,”.

(3) In section 191 (interpretation – general)—

(a)for the definition of “money purchase contracted-out scheme”(3) substitute—

“money purchase contracted-out scheme” is to be construed in accordance with section 181A of the Pensions Act;, and

(b)in the definition of “personal pension scheme”(4), for “section 7(4)” substitute “section 181A(6)”.

(2)

Section 150(10A) was inserted by section 190 of, and paragraph 28(b) of Schedule 8 to, the Pension Schemes Act 1993 (c.48).

(3)

The definition of “money purchase contracted-out scheme” was inserted by section 190 of, and paragraph 31(a) of Schedule 8 to, the Pension Schemes Act 1993.

(4)

The definition of “personal pension scheme” was amended by section 190 of, and paragraph 31(d) of Schedule 8 to, the Pension Schemes Act 1993.

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