The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011

Amendments to the Equality Act 2010 (Age Exceptions for Pension Schemes) Order 2010

This section has no associated Explanatory Memorandum

24.  In article 2(4) (interpretation) of the Equality Act 2010 (Age Exceptions for Pension Schemes) Order 2010(1)—

(a)at the appropriate place, insert—

“abolition date” means the day appointed for the commencement of section 15(1) of the Pensions Act 2007(2);

(b)for the definition of “contracted-out rights” substitute—

“Contracted-out rights” are such rights under, or derived from, an occupational pension scheme as fall within the following categories—

(a)

entitlement to payment of, or accrued rights to, guaranteed minimum pensions; or

(b)

section 9(2B) rights;,

(c)in the definition of “protected rights”, at the end insert “as it had effect immediately prior to the abolition date”, and

(d)in the definition of “section 9(2B) rights” at the end insert “where the transfer took place before the abolition date”.