Citation, commencement and interpretation
1.—(1) This Order may be cited as the Pensions Act 2014 (Savings) Order 2015.
(2) This Order comes into force on 6th April 2016.
(3) Articles [2(1), (2)[, (3A) and (5A)]] cease to have effect on 6th April 2019.
(4) In this Order—
“the Act” means the Pensions Act 2014;
“the 1993 Act” means the Pension Schemes Act 1993;
“contracted-out employment” and “contributions equivalent premium” have the meanings given in section 181(1) of the 1993 Act;
“earner” has the meaning given in section 181(1) of the 1993 Act;
“HMRC” means the Commissioners for Her Majesty’s Revenue and Customs;
“PPF assessment period” means an assessment period in relation to the Board of the Pension Protection Fund within the meaning of section 132 of the Pensions Act 2004;
[“reference scheme minimum benefit” means a salary related benefit which is defined by reference to section 12B of the 1993 Act (reference scheme) and which, under the provisions of the scheme, will be provided as a minimum pension payable to the member;]
“salary related contracted-out scheme” and “the second abolition date” have the meanings given in section 181(1) of the 1993 Act.