C1C2C4Part I Occupational pensions

Annotations:
Modifications etc. (not altering text)
C4

Pt. I: Pensions Act 2004 (c.35), Pt. 3 construed as one with Pt. I of this Act (4.12.2005 for specified purposes, 30.12.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), ss. 233, 322(1) (with s. 313); S.I. 2005/3331, art. 2(1)(a)(b), Sch. Pt. 1

General

I1C3125 Section 124: supplementary.

I31

For the purposes of this Part, an occupational pension scheme is salary related if—

a

the scheme is not a money purchase scheme, and

b

the scheme does not fall within a prescribed class or description,

and “salary related trust scheme” is to be read accordingly.

I22

Regulations may apply this Part with prescribed modifications to occupational pension schemes—

a

which are not money purchase schemes, but

b

where some of the benefits that may be provided are money purchase benefits.

I23

Regulations may, in relation to occupational pension schemes, extend for the purposes of this Part the meaning of “employer” to include persons who have been the employer in relation to the scheme.

I24

For any of the purposes of this Part, regulations may in relation to occupational pension schemes—

a

extend or restrict the meaning of “member”,

b

determine who is to be treated as a prospective member, and

c

determine the times at which a person is to be treated as becoming, or as ceasing to be, a member or prospective member.