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The Personal and Occupational Pension Schemes (Miscellaneous Amendments) (No. 2) Regulations 1997
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- 1997 No. 3038
- Regulation 13
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Amendment of the Occupational Pension Schemes (Age-related Payments) Regulations 1997
13. The Occupational Pension Schemes (Age-related Payments) Regulations 1997(1) shall have effect with the following amendments.
(2) In each of regulations 4 and 7 (age-related payments not to be paid if an earner’s age allows his admission only to a money purchase scheme)—
(a)for “If” substitute
“—
(1) Subject to paragraph (2), if”;
(b)after paragraph (1) add—
“(2) Paragraph (1) shall not apply if—
(a)the rules of the schemes established by the employer allow an earner to be admitted to a scheme contracted-out under section 9(2), or the salary-related part of a relevant scheme, only when the earner has reached a specified age, and
(b)on his admission to a scheme established by the employer, the earner has not reached that age.”.
(1)
S.I. 1997/946.
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