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The Contracting-out (Transfer and Transfer Payment) Regulations 1996

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This is the original version (as it was originally made).

PART IIIFURTHER CONDITIONS FOR TRANSFER OF LIABILITY FOR THE PAYMENT OF A GUARANTEED MINIMUM PENSION TO OR IN RESPECT OF A PERSON WHO HAS BECOME ENTITLED TO IT

6.  The date of commencement of the pension the liability for which is transferred—

(a)if payable to the person who has become entitled to it, must be the date from which liability for payment is assumed by the receiving scheme; and

(b)if payable to his widow or her widower, must be the same as it would have been under the provisions of the transferring scheme

and the receiving scheme must contain the same provision (if any) for suspension and forfeiture of that pension as for guaranteed minimum pensions provided by the receiving scheme in accordance with section 13 or (as the case may be) 17 of the 1993 Act.

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