SCHEDULE 1TRANSFER OF CERTAIN FUNCTIONS, ETC.

The Pensions Act

40

1

Section 737 of that Act (election by employer as to employments covered by contracting-out certificate) is amended as follows.

2

In subsection (4)—

a

for “Department considers” there is substituted “Inland Revenue consider”, and

b

for “it may” there is substituted “they may”.

3

In subsection (5)(d), for “Department” and “it is” there are substituted respectively “Inland Revenue” and “they are”.