19.—(1) The Personal and Occupational Pension Schemes (Protected Rights)
Regulations 1987 shall be amended as follows—
(2) In regulation 1(2)—
(a)in the definition of “the Act” for “Social Security Act 1986” substitute “Pension Schemes Act 1993”;
(b)in the definition of “money purchase contracted-out scheme” for “the Social Security Pensions Act 1975” substitute “section 8(1)(a)(ii) of the Act”.
(3) In regulation 1(3), sub-paragraph (a)
is omitted.
(4) In regulation 2 for “paragraph 7(2) of Schedule 1 to” and “Schedule 1 to” substitute respectively “section 10(2) of” and “sections 9(3), 22 and 26 to 32 of ”.
(5) In regulation 3 for “paragraph 7(2) of Schedule 1 to”, “paragraph 7(2)”, “section 52C of the Social Security Pensions Act 1975” and “section 7 of the Act” substitute respectively “section 10(2) of ”, “section 10(2)”, “section 19 of the Act” and “section 7 of the Social Security Act 1986”.
(6) In regulation 4 for “sub-paragraphs (1)(a)”, “(2)(ii)”, “paragraph 9 of Schedule 1 to” and “section 37A of the Social Security Pensions Act 1975” substitute respectively “subsections (2)(a)”, “(3)(ii)”, “section 28 of ” and “section 109 of the Act”.
(7) In regulation 5 for “paragraph 9(7)(b)(i) of Schedule 1 to” in both places substitute “section 29(1)(b)(i) of”.
(8) In regulation 6—
(a)in paragraph (1) for “paragraph 9(3)(b)” to “1975” substitute “section 28(4)(b) as it applies to a money purchase contracted-out scheme” and omit “in a money purchase contracted-out scheme”;
(b)in paragraph (2) for “paragraph 9(3)(c)” to “1975” substitute “section 28(4)(c) as it applies to a money purchase contracted-out scheme” and omit “in a money purchase contracted-out scheme”.
(9) In regulation 7 for “paragraph 11 of Schedule 1 to”, in both places substitute “section 32 of”.
(10) In regulation 8 for “paragraph 9(9) of Schedule 1 to” and “aragraph 9(7)(a)(ii) of Schedule 1to” substitute respectively “section 29(4) of ” and “section 29(1)(a)(iii) of ”.
(11) In regulation 9 for “paragraph 9(8) of Schedule 1 to” and “paragraph 9” substitute respectively “section 29(3) of ” and “the annuity requirements”.
(12) In regulation 10(2) and (3) for “paragraph 9(4) of Schedule 1 to” substitute “section 28(5) of ”.
(13) In regulation 12 for “paragraph 9(1)(a) of Schedule 1 to” substitute “section 28(2)(a) of ”.
(14) In regulation 15 for “paragraph 12 of Schedule 1” and “Schedule 1”, in the second place it occurs, substitute respectively “section 33 of ” and “sections 26 to 32 of the Act”.
S.I. 1987/1117.