The Occupational Pension Schemes (Age-related Payments) Regulations 1997

Citation, commencement and interpretation

1.—(1) These Regulations may be cited as the Occupational Pension Schemes (Age-related Payments) Regulations 1997.

(2) These Regulations shall come into force as follows—

(a) regulations 1 to 4, 8 in so far as it relates to regulation 2, and 9, in so far as it relates to regulations 3 and 4, on 21st March 1997, and

(b) otherwise, on 6th April 1997.

(3) “the 1993 Act” means the Pension Schemes Act 1993;

“age-related payment” means a payment to be made by the Secretary of State in accordance with section 42A(3) of the 1993 Act;

“the principal appointed day” means 6th April 1997;

“prospective member” has the same meaning as in the Occupational Pension Schemes (Disclosure of Information) Regulations 1996(1);

“relevant scheme”, “salary-related part” and “money purchase part” have the same meanings as in the Occupational Pension Schemes (Mixed Benefit Contracted-out Schemes) Regulations 1996(2);

“scheme” means an occupational pension scheme; and

“section 9(2)” and “section 9(3)” means those sections of the 1993 Act(3).

(1)

S.I. 1996 No. 1655.

(2)

S.I. 1996 No. 1977.

(3)

Section 9 of the 1993 Act is amended from 6th April 1997 by the Penalties Act 1995 section 136, and Schedule 5, paragraph 24.