Chwilio Deddfwriaeth

Welfare Reform and Pensions Act 1999

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IndexationE+W+S

39 Public service pension schemes.E+W+S

(1)The M1Pensions (Increase) Act 1971 shall be amended as follows.

(2)In section 3 (qualifying conditions), after subsection (2) there shall be inserted—

(2A)A pension attributable to the pensioner having become entitled to a pension credit shall not be increased unless the pensioner has attained the age of fifty-five years.

(3)In section 8, in subsection (1) (definition of “pension”), in paragraph (a), the words from “(either” to “person)” shall be omitted.

(4)In that section, in subsection (2) (when pension deemed for purposes of the Act to begin), after “pension”, in the first place, there shall be inserted “ which is not attributable to a pension credit ”, and after that subsection there shall be inserted—

(2A)A pension which is attributable to a pension credit shall be deemed for purposes of this Act to begin on the day on which the order or provision on which the credit depends takes effect.

(5)In section 17(1) (interpretation)—

(a)for the definitions of “derivative pension” and “principal pension” there shall be substituted—

derivative pension” means a pension which—

(a)is not payable in respect of the pensioner’s own services, and

(b)is not attributable to the pensioner having become entitled to a pension credit;,

(b)after the definition of “pension” there shall be inserted—

pension credit” means a credit under section 29(1)(b) of the Welfare Reform and Pensions Act 1999 or under corresponding Northern Ireland legislation;

principal pension” means a pension which—

(a)is payable in respect of the pensioner’s own services, or

(b)is attributable to the pensioner having become entitled to a pension credit;, and

(c)for the definition of “widow’s pension” there shall be substituted—

widow’s pension” means a pension payable—

(a)in respect of the services of the pensioner’s deceased husband, or

(b)by virtue of the pensioner’s deceased husband having become entitled to a pension credit.

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Commencement Information

I1S. 39 wholly in force at 1.12.2000; s. 39 in force for certain purposes at Royal Assent see s. 89(1); s. 39 in force at 1.12.2000 insofar as not already in force by S.I. 2000/1047, art. 2(2)(d), Sch. Pt. IV

Marginal Citations

40 Other pension schemes.E+W+S

(1)The Secretary of State may by regulations make provision for a pension to which subsection (2) applies to be increased, as a minimum, by reference to [F1relevant percentage increases], so far as not exceeding [F2the maximum percentage] per annum.

(2)[F3Subject to subsection (2A), this] subsection applies to—

(a)a pension provided to give effect to eligible pension credit rights of a member under a qualifying occupational pension scheme, F4...

F4F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F5(2A)Subsection (2) does not apply to pensions which—

(a)are money purchase benefits, and

(b)become pensions in payment on or after the commencement day.]

[F6(2AA) In subsection (1) “ relevant percentage increases ” means percentage increases estimated by the Secretary of State from time to time for the purposes of paragraph 2(3)(a) of Schedule 3 to the Pension Schemes Act 1993 for revaluation periods of 12 months. ]

[F5(2B) For the purposes of subsection (1) the “ maximum percentage ” means—

(a)5% in a case where—

(i)the pension is in payment before the commencement day, or

(ii)the pension is not in payment before the commencement day but the entitlement to the relevant pension credit arose before that day, and

(b)2.5% in a case where the entitlement to the relevant pension credit arises on or after the commencement day.]

(3)In this section—

  • [F7commencement day ” means the day appointed for the coming into force of section 280 of the Pensions Act 2004 (amendments to section 40); ]

  • eligible”, in relation to pension credit rights, means of a description prescribed by regulations made by the Secretary of State;

  • [F7money purchase benefit ” has the meaning given by section 181(1) of the Pension Schemes Act 1993; ]

  • pension credit rights”, in relation to an occupational pension scheme, means rights to future benefits under the scheme which are attributable (directly or indirectly) to a credit under section 29(1)(b) or under corresponding Northern Ireland legislation;

  • qualifying occupational pension scheme” means an occupational pension scheme which is not a public service pension scheme;

  • [F7relevant pension credit ” means the pension credit to which the eligible pension credit rights F8... are (directly or indirectly) attributable; ]

  • safeguarded rights” has the meaning given in section 68A of the M2Pension Schemes Act 1993.

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Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.

Amendments (Textual)

F1Words in s. 40(1) substituted (3.1.2012) by Pensions Act 2011 (c. 19), ss. 19(10), 38(4); S.I. 2011/3034, art. 3(b)

F2Words in s. 40(1) substituted (15.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), ss. 280(2), 322(1) (with s. 313); S.I. 2005/275, art. 2(7), Sch. Pt. 7; S.I. 2005/695, art. 2(4)

F3Words in s. 40(2) substituted (15.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), ss. 280(3), 322(1) (with s. 313); S.I. 2005/275, art. 2(7), Sch. Pt. 7; S.I. 2005/695, art. 2(4)

F5S. 40(2A)(2B) inserted (15.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), ss. 280(4), 322(1) (with s. 313); S.I. 2005/275, art. 2(7), Sch. Pt. 7; S.I. 2005/695, art. 2(4)

F7Words in s. 40(3) inserted (15.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), ss. 280(5), 322(1) (with s. 313); S.I. 2005/275, art. 2(7), Sch. Pt. 7; S.I. 2005/695, art. 2(4)

F8Words in s. 40(3) repealed (6.4.2009) by Pensions Act 2008 (c. 30), s. 149(1), Sch. 11 Pt. 2; S.I. 2009/82, art. 2(2)(g)

Modifications etc. (not altering text)

Commencement Information

I2S. 40 wholly in force at 1.12.2000; s. 40 in force for certain purposes at Royal Assent see s. 89(1); s. 40 in force at 1.12.2000 insofar as not already in force by S.I. 2000/1047, art. 2(2)(d), Sch. Pt. IV

Marginal Citations

Yn ôl i’r brig

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