The Occupational Pension Schemes (Preservation of Benefit) Regulations 1991 No. 167

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

38. 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