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The Pensions Act 1995 (Commencement No. 3) Order 1996

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Article 2

SCHEDULE

PART IPROVISIONS OF THE ACT COMING INTO FORCE ON 13TH MARCH 1996 FOR THE PURPOSE ONLY OF AUTHORISING THE MAKING OF ORDERS

Provisions of the ActSubject matter
section 137(2) to (4)reduced rates of Class 1 State scheme contributions in respect of members of salary related contracted-out schemes
section 137(1) and (5)reduced rates of Class 1 State scheme contributions, and rebates, in respect of members of money purchase contracted-out schemes
section 138(5)minimum contributions payable by the Secretary of State in respect of members of appropriate personal pension schemes

PART IIPROVISIONS OF THE ACT COMING INTO FORCE ON 13TH MARCH 1996 FOR THE PURPOSE ONLY OF AUTHORISING THE MAKING OF REGULATIONS AND ON 6TH APRIL 1996 FOR ALL OTHER PURPOSES

Provisions of the ActSubject matter
section 140(2)reduction in State benefits for members of money purchase contracted-out schemes and appropriate schemes
sections 142 to 144interim arrangements giving effect to protected rights
section 146discharge of protected rights on winding up: insurance policies

PART IIIPROVISIONS OF THE ACT COMING INTO FORCE ON 1ST APRIL 1996

Provisions of the ActSubject matter
section 1(1) to (4) and (6)establishment of Occupational Pensions Regulatory Authority
section 2reports by the Authority
Schedule 1, paragraphs 1 to 12, 14 to 17, 19 and 20 and section 1(5) insofar as it relates to those paragraphsOccupational Pensions Regulatory Authority

PART IVPROVISIONS OF THE ACT COMING INTO FORCE ON 6TH APRIL 1996

Provisions of the ActSubject matter
section 119calculations under regulations
section 120, insofar as not already in forceconsultation about regulations
section 121, insofar as not already in forceCrown application
section 123(3)meaning of “connected” and “associated” persons
section 124, insofar as not already in forceinterpretation of Part I
section 148Class 1 contributions where earner in more than one employment
section 174, insofar as not already in forcegeneral provisions concerning regulations and orders
section 175, insofar as not already in forceParliamentary control of regulations and orders
section 176interpretation
Schedule 6, paragraph 9 and section 173 insofar as it relates to that paragraphdisclosure of information by the Secretary of State
in Schedule 7, Part III, the entry relating to section 48(2)(b) and (c) of the Pension Schemes Act 1993(1) and section 177 insofar as it relates to that entryrepeals

PART VPROVISIONS OF THE ACT COMING INTO FORCE ON 6TH APRIL 1996 FOR THE PURPOSE ONLY OF AUTHORISING THE MAKING OF REGULATIONS

Provisions of the ActSubject matter
section 10(2) and (3)civil penalties
sections 16 to 21member-nominated trustees and directors
section 27trustee not to be scheme auditor or actuary
section 32decisions by majority of trustees
section 33investment powers: duty of care
section 35investment principles
section 37payment of surplus to employer
section 38power to defer winding-up
section 40restriction on employer-related investments
section 41provision of documents for members
section 47professional advisers
section 49receipts, payments and records
section 50resolution of disputes
section 51annual increase in rate of pension
sections 56 to 61minimum funding requirement
section 67certification of detrimental amendments
section 68power of trustees to modify schemes by resolution
section 69grounds for applying to Authority for modification orders
section 73preferential liabilities on winding up
section 74(2), (3) and (5)(b)discharge of liabilities by insurance etc
section 75deficiencies in the assets
section 76excess assets on winding up
section 77excess assets remaining after winding up: power to distribute
sections 87 to 89money purchase schemes
sections 91 to 95assignment, forfeiture, bankruptcy etc
section 136new requirements for contracted-out schemes
section 137State scheme contributions and rebates
section 139money purchase and personal pension schemes: verification of ages
section 140(1)reduction of State benefits for members of certified schemes
section 141State scheme etc premiums and buyback into State scheme
sections 152 to 154transfer values
section 155 but for the purpose only of authorising the making of regulations relating to section 113 of the Pension Schemes Act 1993penalties for breach of regulations under the Pension Schemes Act 1993
Schedule 5, paragraph 21 (but only insofar as it relates to sections 11(5)(d), 34(2)(a), 50(4) and 163(6) of the Pension Schemes Act 1993), paragraph 22(a) (but only insofar as it relates to section 7(1) of that Act), and paragraphs 28(a), 33(b), 34(a), 35, 37, 39, 45(b), 46, 48(c), 49(a), 65, 70(c) and 84 and section 151 insofar as it relates to the above mentioned paragraphsamendments relating to Part III of the Act
Schedule 6, paragraphs 4, 5 and 6(c) and (e) and section 173 insofar as it relates to those paragraphsamendments relating to Part IV of the Act

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