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The Occupational Pension Schemes (Preservation of Benefit) Regulations 1991

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  1. Introductory Text

  2. 1. Citation, commencement and interpretation

  3. 2. Meaning of “employer”

  4. 3. Meaning of “member” and “prospective member”

  5. 4. Benefits included in supplementary credits

  6. 5. Short service benefit in lump sum form

  7. 6. Means of assuring short service benefit

  8. 7. Alternatives to short service benefit

  9. 8. Early retirement or deferred retirement

  10. 9. Bought out benefits

  11. 10. Money purchase benefits

  12. 11. Value of alternatives to short service benefit

  13. 11A.Further alternative to short service benefit - transfer to an overseas arrangement

  14. 11B.Further alternative to short service benefit – transfer to a European pensions institution without consent

  15. 12. Transfer of member’s accrued rights without consent

  16. 12A.Discharge of liabilities by collective money purchase scheme which is winding up

  17. 13. Benefits attributable to waiting periods

  18. 14. Computation of benefit-money purchase benefits

  19. 14A.Benefits to which section 74(6) does not apply – money purchase benefits

  20. 15. Computation of benefit-earnings related benefits

  21. 16. Computation of benefit-uniform accrual

  22. 17. Computation of benefit-rounding

  23. 18. Commutation of benefit

  24. 19. Widows, widowers, surviving civil partners and dependants

  25. 20. Deductions from short service benefit

  26. 21. Breaks in pensionable service

  27. 22. Postponement or suspension of benefit

  28. 23. Refunds of additional voluntary contributions

  29. 24. Schemes funded by level annual premiums

  30. 25. Schemes with an overseas element

  31. 26. Transfers to overseas schemes

  32. 27. Specific provisions to be included in scheme rules

  33. 27A.Information to be furnished to early leavers

  34. 27B.Offence and penalties

  35. 28. Related amendments to other Regulations

  36. 29. Revocations

  37. Signature

    1. SCHEDULE 1

      RELATED AMENDMENTS OF OTHER REGULATIONS

      1. 1. Amendment of the Occupational Pension Schemes (Discharge of Liability) Regulations 1985

      2. 2. Amendments of the Occupational Pension Schemes (Transfer Values) Regulations 1985

      3. 3. Amendment of the Occupational Pension Schemes (Disclosure of Information) Regulations 1986

      4. 4. Amendment of the Occupational Pension Schemes (Auditors) Regulations 1987

      5. 5. Amendments of the Occupational Pension Schemes (Qualifying Service-Consequential and Other Provisions) Regulations 1987

    2. SCHEDULE 2

      REVOCATIONS

    3. SCHEDULE 3

      Actuary’s certificate

  39. Explanatory Note

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