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

Amendments to the Social Security Administration Act 1992

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)”.

(1)

1992 c.5.

(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.