Pension Schemes Act 1993 (c. 48)

SCHEDULES

SCHEDULE 6 Transitional Provisions and Savings

Part II Specific Provisions

Contracting-out requirements for schemes providing guaranteed minimum pensions

7 An occupational pension scheme which—

(a) at any time before the coming into operation of the first regulations made under—

(i) paragraph (a) of subsection (2) of section 32 of the [1975 c. 60.] Social Security Pensions Act 1975 (which made corresponding provision to that made by section 9(2)(a) of this Act), or

(ii) subsection (8) of section 35 of the Social Security Pensions Act 1975 (which made corresponding provision to that made by section 16(4) of this Act),

did not satisfy that paragraph or, as the case may be, that subsection; but

(b) would have satisfied it if those regulations had then been in operation,

shall, for the purpose of determining whether the scheme satisfied that paragraph or, as the case may be, that subsection, be treated as if those regulations had been in operation at that time.