The Postal Services Act 2011 (Transfer of Accrued Pension Rights) Order 2012

Application of contracting-out legislation to the RMSPS

13.  The provisions of the 1993 Act referred to in paragraph 12 are—

(a) section 12C (Transfer, commutation, etc);

(b) section 12D (Entitlement to benefit);

(c) section 13 (Minimum pensions for earners);

(d) section 14 (Earner’s guaranteed minimum);

(e) section 15 (Increase of guaranteed minimum where commencement of guaranteed minimum pension postponed);

(f) section 15A (Reduction of guaranteed minimum in consequence of pension debit);

(g) section 16 (Revaluation of earnings factors for purposes of s 14: early leavers etc);

(h) section 17 (Minimum pensions for widows and widowers);

(i) section 18 (Treatment of insignificant amounts);

(j) section 19 (Discharge of liability where guaranteed minimum pensions secured by insurance policies or annuity contracts);

(k) section 20 (Transfer of accrued rights);

(l) section 21 (Commutation, surrender and forfeiture);

(m) section 23(7) (Securing of benefits);

(n) section 24A (Conversion of guaranteed minimum pension into other benefits: introduction );

(o) section 24B (The conversion conditions);

(p) section 24C (Actuarial equivalence);

(q) section 24D (Survivors’ benefits);

(r) section 24E(1), (3) and (4) (Procedural requirements);

(s) section 24F (Transfer out);

(t) section 24G (Powers to amend schemes);

(u) section 24H (Enforcement of GMP conversion conditions);

(v) section 37 (Alteration of rules of contracted-out schemes);

(w) section 50 (Powers of Inland Revenue to approve arrangements for scheme ceasing to be certified), as if the RMSPS were a scheme which had been certified as a contracted-out scheme and had ceased to be such a scheme;

(x) section 51 (Calculation of guaranteed minimum pensions preserved under approved arrangements), as if the RMSPS were a scheme which had been certified as a contracted-out scheme and had ceased to be such a scheme;

(y) Chapter III of Part IV (Protection of Increases in Guaranteed Minimum Pensions (“Anti-Franking”));

(z) Chapter II of Part V (Guaranteed Minimum Pensions);

(aa) section 155 (Requirement to give information to the Secretary of State or the Board for the purposes of certain provisions);

(bb) section 156 (Information for purposes of contracting-out); and

(cc) section 159 (Inalienability of guaranteed minimum pension and protected rights payments).