This is the original version (as it was originally made).
26.—(1) Part 1 of the Act does not apply to schemes which have all the following characteristics—
(a)on 20th October 2016, the scheme—
(i)was providing non-money purchase benefits (whether alone or in conjunction with other benefits), and
(ii)was used, or intended to be used, by 2 or more employers;
(b)membership of the scheme is limited to members, or former members, of a pension scheme established by statute for a specific occupational group, industry or profession;
(c)the scheme ceased to accept new members on a date which is not later than 6 months after the commencement date.
(2) In paragraph (1)(c), a “new member” includes a person who was formerly a member of the scheme by virtue of a relationship with a previous employer, except where that person’s employment contract was transferred to the person’s current employer as a result of a relevant transfer as defined in regulation 2 of the TUPE Regulations.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
