PART 12Supplementary
CHAPTER 2Payment of benefits: general
Guaranteed minimum pensionsI1164
1
If a member has a guaranteed minimum under section 10 (earner’s guaranteed minimum) of the 1993 Act83 in relation to benefits under this scheme—
a
nothing in these Regulations permits or requires anything that would cause requirements made by or under that Act in relation to such a member and such a member’s rights under this scheme not to be met in the case of the member;
b
nothing in these Regulations prevents anything from being done which is necessary or expedient for the purposes of meeting such requirements in the case of the member; and
c
the following provisions are without prejudice to the generality of this paragraph.
2
If apart from this regulation—
a
no pension would be payable to the member under this scheme; or
b
the weekly rate of the pensions payable would be less than the guaranteed minimum,
a pension at a weekly rate equal to the guaranteed minimum is payable to the member for life from the date on which the member reaches state pension age or, as the case may be, pensions the aggregate weekly rate of which is equal to the guaranteed minimum are so payable.
3
If—
a
on reaching state pension age the member is still in employment (whether or not it is scheme employment); and
b
if it is not scheme employment, the member consents to a postponement of the member’s entitlement under paragraph (2),
paragraph (2) does not apply until the member leaves employment.
This is subject to paragraph (4).
4
If the member continues in employment for a further 5 years after reaching state pension age and does not then leave employment, the member is entitled from the end of that period to so much of the member’s pension under Parts 6 and 7 as equals the member’s guaranteed minimum (or, as the case may be, to so much of the member’s pensions under Parts 6 and 7 as together have a weekly rate equal to the member’s guaranteed minimum), unless the member consents to a further postponement of the entitlement.
5
In the circumstances provided for in paragraph (3) or (4), the amount of the guaranteed minimum to which the member is entitled under this regulation is increased in accordance with section 11 (increase of guaranteed minimum where commencement of guaranteed minimum pension postponed) of the 1993 Act.
6
If—
a
before state pension age the member becomes entitled to the immediate payment of a pension; and
b
the member has a guaranteed minimum under section 10 of the 1993 Act in relation to the whole or part of a pension as a result of receipt by this scheme of a transfer payment from another pension scheme in respect of which the member had such a guaranteed minimum,
the weekly rate of the pension, so far as attributable to that service, must not be less than the guaranteed minimum, multiplied by such factor as is indicated in actuarial tables for a person of the member’s age and sex at the date on which the pension becomes payable.
7
This paragraph applies if a person has ceased to be in employment that is contracted-out employment, within the meaning of Part 3 of the 1993 Act (certification of pension schemes and effects on members’ state scheme rights and duties), by reference to this scheme and either—
a
a transfer payment in respect of all the person’s rights to benefits under this scheme, except the person’s rights in respect of the person’s guaranteed minimum or rights under section 5(2B) (requirements for certification of schemes: general) of the 1993 Act84 (“the person’s contracting-out rights”) has been made; or
b
the person has no rights to benefits under this scheme apart from the person’s contracting-out rights.
8
If paragraph (7) applies—
a
from the date on which the person reaches state pension age the person is entitled to a pension payable for life at a weekly rate equal to the person’s guaranteed minimum, if any; and
b
from the date on which the person reaches normal pension age under this scheme the person is entitled to a lump sum and pension in respect of the person’s rights under section 5(2B) of the 1993 Act,
but a person falling within paragraph (7) is not to be regarded as a pensioner for the purposes of Part 8 (death benefits).
9
Paragraphs (2) to (8) do not apply to—
a
a pension that is forfeited—
i
as a result of a conviction for treason; or
b
a pension that is commuted under regulation 85 or 98 (serious ill-health: commutation of whole pension); or
c
a pension that is commuted under regulation 163 where the conditions in regulation 60 (payment of a guaranteed minimum pension as a lump sum) of the Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 199686 are met,
but if any other provision of this scheme is inconsistent with this regulation, this regulation prevails.
10
In this regulation, references to the amount of a pension are to its amount after the subtraction of the commutation amount, if any (but before the subtraction of the allocation amount, if any (see regulation 86(5)).