Social Security Act 1973

PART II U.K. Occupational Pension Schemes

Modifications etc. (not altering text)

C1 Part II (ss. 51-72) amended (28.02.1991) by S.I. 1991/167 regs. 2-3

Recognition U.K.

51 Recognised pensionable employment. U.K.

(1), (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

[F2 (3) In this Act—

(a) “occupational pension scheme” means any scheme or arrangement which is comprised in one or more instruments or agreements and which has, or is capable of having, effect in relation to one or more descriptions or categories of employments so as to provide benefits, in the form of pensions or otherwise, payable on termination of service, or on death or retirement, to or in respect of earners with qualifying service in an employment of any such description or category; and

F2 (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

F2 (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

(8), (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

F4 F2 (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Ss. 51(1),(2),(4),(6),(8),(9), 52(1)–(7)(9), 53–57, 58(3)–(5), 59(2)–(9), 60–62 repealed by Social Security Pensions Act 1975 (c. 60), Sch. 5 and S.I. 1975/1503 (N.I. 15), Sch. 6

F2 S. 51(3) repealed (E.W.S.) (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.III (with s. 6(8)); S.I. 1994/86, art. 2 and s. 51(3)(b)(5)(10) repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

F3 S. 51(7) repealed (1.10.89) by Social Security Act 1989 (c. 24), Sch. 6, para. 1 and Sch. 9

F4 S. 51(10) repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6

[F5 52

(1)–(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6

F7 (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6 ]

Textual Amendments

F5 S. 52 repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6

F6 Ss. 51(1),(2),(4),(6),(8),(9), 52(1)–(7)(9), 53–57, 58(3)–(5), 59(2)–(9), 60–62 repealed by Social Security Pensions Act 1975 (c. 60), Sch. 5 and S.I. 1975/1503 (N.I. 15), Sch. 6

F7 S. 52(8) repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

53—57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8 U.K.

Textual Amendments

F8 Ss. 51(1),(2),(4),(6),(8),(9), 52(1)–(7)(9), 53–57, 58(3)–(5), 59(2)–(9), 60–62 repealed by Social Security Pensions Act 1975 (c. 60), Sch. 5 and S.I. 1975/1503 (N.I. 15), Sch. 6

[F9 58 Transfer of benefit between schemes: linked qualifying service. E+W+S

F10 (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F10 (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F10 (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F10 (2B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)–(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11 ]

Textual Amendments

F9 S. 58 repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6

F10 S. 58(1)-(2B) repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

F11 Ss. 51(1),(2),(4),(6),(8),(9), 52(1)–(7)(9), 53–57, 58(3)–(5), 59(2)–(9), 60–62 repealed by Social Security Pensions Act 1975 (c. 60), Sch. 5 and S.I. 1975/1503 (N.I. 15), Sch. 6

[F12 59 Financing and security of minimum benefits. E+W+S

F13 (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)–(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F14 ]

Textual Amendments

F12 S. 59 repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6

F13 S. 59(1) repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

F14 Ss. 51(1),(2),(4),(6),(8),(9), 52(1)–(7)(9), 53–57, 58(3)–(5), 59(2)–(9), 60–62 repealed by Social Security Pensions Act 1975 (c. 60), Sch. 5 and S.I. 1975/1503 (N.I. 15), Sch. 6

60—62. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F15 U.K.

Textual Amendments

F15 Ss. 51(1),(2),(4),(6),(8),(9), 52(1)–(7)(9), 53–57, 58(3)–(5), 59(2)–(9), 60–62 repealed by Social Security Pensions Act 1975 (c. 60), Sch. 5 and S.I. 1975/1503 (N.I. 15), Sch. 6

Preservation of benefit under occupational pension schemes U.K.

F16 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E+W+S

Textual Amendments

F16 S. 63 repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6 and repealed wholly (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

Modification and winding-up of schemes U.K.

F17 64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E+W+S

Textual Amendments

F17 S. 64 repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6 and repealed wholly (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

F18 65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E+W+S

Textual Amendments

F18 S. 65 repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6

S. 65 repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

The Occupational Pensions Board U.K.

F19 66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.K.

Textual Amendments

F19 S. 66 repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

F20 67 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.K.

Textual Amendments

F20 S. 67(1)–(3) repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6

S. 67 repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

F21 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.K.

Textual Amendments

F21 S. 68 repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

Miscellaneous U.K.

[F22 69 Rule against perpetuities. U.K.

F23 (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F23 (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F23 (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F23 (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F23 (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F23 (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7) There shall cease to have effect—

(a) the M1 Superannuation and other Trust Funds (Validation) Act 1927 (power to register superannuation schemes, with consequent exemption from the rule against perpetuities), except section 9 and section 11 so far as it provides for citation and extends section 9 to Northern Ireland; and

(b) the corresponding Northern Ireland enactment, that is to say the M2 Superannuation and other Trust Funds (Validation) Act (Northern Ireland) 1928;

[F23 but regulations may provide, in relation to a scheme whose fund was registered under either Act immediately before its repeal took effect, for the scheme to retain the benefit of the Act, subject to prescribed conditions and either indefinitely or for a prescribed period.]

(8) The said Acts of 1927 and 1928 shall each, until its repeal by subsection (7) above, have effect with the following modifications—

(a) no new application shall be made under section 3 of the Act for the registration of any fund (without prejudice to the effectiveness of any application previously made or pending); and

(b) the registration of a fund may be cancelled notwithstanding that the fund has not been wound up, if the trustees apply in writing to the registrar stating that they desire its cancellation.]

Textual Amendments

F22 S. 69 repealed (N.I.), except so far as it relates to so much of the Superannuation and other Trust Funds (Validation) Act 1927 (c. 41) as extends to Northern Ireland, by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6

F23 S. 69(1)-(6) repealed (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

Words in s. 69(7) repealed (E.W.S.) (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.III (with s. 6(8)); S.I. 1994/86, art. 2

Modifications etc. (not altering text)

C2 Section 69(7) has not yet commenced.

Marginal Citations

M1 1927 c. 41.

M2 1928 c. 6 (N.I.)

70 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F24 U.K.

Textual Amendments

F24 S. 70 repealed (1.1.87) by Wages Act 1986 (c. 48), Sch. 5, Pt. III and (N.I.) by S.I. 1975/1503 (N.I.15), art. 74(2), Sch. 6.

F25 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E+W+S

Textual Amendments

F25 S. 71 repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6 and repealed wholly (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2

F26 72 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E+W+S

Textual Amendments

F26 S. 72 repealed (N.I.) by S.I. 1975/1503 (N.I. 15), art. 74(2), Sch. 6 and repealed wholly (7.2.1994) by 1993 c. 48, s. 188, Sch. 5 Pt.I (with s. 6(8)); S.I. 1994/86, art. 2