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This is the original version (as it was originally made).
2. In these Regulations—
in relation to an occupational pension scheme, has the meaning given by section 124 of the Pensions Act 1995(1) (interpretation), and
in relation to a personal pension scheme, means any member in respect of whom employer contributions fall to be paid;
“affected members” has the meaning given by regulation 7(4);
“employer contributions”, in relation to an occupational or personal pension scheme, means contributions payable by or on behalf of the employer in relation to the scheme on his own account (but in respect of one or more employees);
“member contributions”, in relation to an occupational or personal pension scheme, means contributions, other than voluntary contributions, by or on behalf of active members of the scheme which are payable out of deductions from the member’s earnings;
“listed change” has the meaning given by regulation 6(2);
“multi-employer scheme” has the meaning given by section 307 of the Pensions Act 2004 (modification of Act in relation to certain categories of schemes);
“personal pension scheme” has the meaning given by regulation 3(3);
in relation to an occupational pension scheme, means any person who, under the terms of his contract of service or the rules of the scheme—
is able, at his own option, to become a member of the scheme,
will become so able if he continues in the same employment for a sufficiently long period,
will be admitted to the scheme automatically unless he makes an election not to become a member, or
may be admitted to it subject to the consent of his employer;
in relation to a personal pension scheme, means any person who, under the terms of his contract of service, is eligible if he becomes a member of the scheme for employer contributions to be paid in respect of him;
“the Regulator” means the Pensions Regulator established under section 1 of the Pensions Act 2004 (the Pensions Regulator); and
“relevant employer” has the meaning given by regulation 3(2).
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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