Pension Schemes Act 1993

11 (1) Subject to sub-paragraph (2), if immediately before paragraph 7 of Schedule 4 to the [1990 c. 27.] Social Security Act 1990 came into force a contracting-out certificate was in force in relation to an occupational pension scheme then, to the extent that the rules of the scheme are inconsistent with the inclusion in section 13(2)(a) of this Act of the words “and does not have a guaranteed minimum under sections 14 to 16” and the inclusion in section 14 of this Act of subsection (3) of that section, they shall be overridden by them.

(2) If paragraph 4(3) of Schedule 9 has or ever had effect in respect of this paragraph, sub-paragraph (1) above shall have effect with the substitution for the words “paragraph 7 of Schedule 4 to the Social Security Act 1990” of the words “this paragraph”.