The Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order 2016

Amendment of the Pension Protection Fund (Entry Rules) Regulations 2005

20.  In regulation 2 (schemes which are not eligible schemes) of the Pension Protection Fund (Entry Rules) Regulations 2005(1)—

(a) in paragraph (1)(g)(ii), for “is not contracted-out” substitute “was not contracted-out at any time before the second abolition date”; and

(b) in paragraph (8)(2)—

(i) before the definition of “PPF Ombudsman” insert—

““contracted-out” is to be construed in accordance with section 7B(2) (meaning of “contracted-out scheme” etc.) of the Pension Schemes Act 1993;”; and

(ii) after the definition of “PPF Ombudsman” insert—

““the second abolition date” has the meaning given in section 181(1) (general interpretation) of the Pension Schemes Act 1993;”.

(1)

S.I. 2005/590.

(2)

Paragraph (8) was substituted by S.I. 2010/196.