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The Occupational Pension Schemes (Revaluation) Regulations 1991
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- UK Statutory Instruments
- 1991 No. 168
- Regulation 8
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Commutation, forfeiture and surrender
8.—(1) Paragraph 9 of Schedule 1A is modified so that it does not apply in the cases specified in this regulation.
(2) Paragraph 9 does not apply to commutation of a benefit where the lump sum to which the whole or part of the pension is commuted is, itself, revalued in accordance with Schedule 1A.
(3) Paragraph 9 does not apply to forfeiture of the whole or part of a pension where the forfeiture applies only after the pension has been revalued in accordance with Schedule 1A.
(4) Paragraph 9 does not apply to surrender of the whole or part of a pension where it is to provide benefit for the widow or widower or a dependant of the member and the scheme provides for that benefit to be revalued in accordance with Schedule 1A.
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