The Occupational Pension Schemes (Schemes that were Contracted-out) (No.2) Regulations 2015

1. Introductory Text

2. PART 1 GENERAL

   1. 1. Citation, commencement and extent

   2. 2. Interpretation

3. PART 2 GENERAL PROVISIONS RELATING TO SCHEMES THAT WERE SALARY RELATED CONTRACTED-OUT SCHEMES

   1. 3. Alteration of scheme rules

   2. 4. Determination that an earner was in contracted-out employment

   3. 5. Provision of information

   4. 6. Overseas schemes

   5. 7. Restoration of state scheme rights

   6. 8. Contributions equivalent premiums: prescribed person

   7. 9. Notification of requirement to pay a contributions equivalent premium

   8. 10. Cases where payment of a contributions equivalent premium is not required

   9. 11. Elections to pay contributions equivalent premiums

   10. 12. Payment of a contributions equivalent premium

   11. 13. Payment in lieu of benefit and delay in refund for the purposes of the employer’s right of recovery

   12. 14. Refund of a contributions equivalent premium

   13. 15. Continuation of transitional arrangements for schemes that began winding up before 6th April 1997

   14. 16. Continuation of savings in respect of state scheme premiums

4. PART 3 ADDITIONAL REQUIREMENTS IN RELATION TO RIGHTS ATTRIBUTABLE TO CONTRACTED-OUT EMPLOYMENT ON AND AFTER 6TH APRIL 1997

   1. 17. Alteration of scheme rules

   2. 18. Payment of a lump sum instead of a pension

   3. 19. Forfeiture of accrued rights

5. PART 4 ADDITIONAL REQUIREMENTS IN RELATION TO GUARANTEED MINIMUM PENSIONS

   1. 20. Alteration of scheme rules

   2. 21. Circumstances for the purposes of section 17(6) of the 1993 Act in which widower’s, widow’s or surviving civil partner’s guaranteed minimum pension is payable

   3. 22. Period for the purposes of section 17(6) of the 1993 Act for which widower’s, widow’s or surviving civil partner’s guaranteed minimum pension is payable

   4. 23. Fixed rate revaluation of guaranteed minimum pensions secured by insurance policies or annuity contracts

   5. 24. Fixed rate revaluation of guaranteed minimum pensions for early leavers

   6. 25. Payment of a lump sum instead of a pension

   7. 26. Suspension and forfeiture of guaranteed minimum pension

   8. 27. Conversion into other benefits: actuarial equivalence

6. PART 5 AMENDMENT OF THE OCCUPATIONAL PENSION SCHEMES (CONTRACTING-OUT) REGULATIONS 1996

   1. 28. Amendments relating to certification of employments for a period before the second abolition date

   2. 29. Amendments relating to cessation of contracting-out before the second abolition date

7. PART 6 AMENDMENT OF THE CONTRACTING-OUT (TRANSFER AND TRANSFER PAYMENT) REGULATIONS 1996

   1. 30. Revaluation after transfer from another scheme

8. PART 7 REVOCATION AND SAVINGS OF THE OCCUPATIONAL PENSION SCHEMES (CONTRACTING-OUT) REGULATIONS 1996

   1. 31. Revocations taking effect on the second abolition date

   2. 32. Saving of provisions relating to the revaluation of Guaranteed Minimum Pensions

   3. 33. Revocations taking effect on 6th April 2019

9. PART 8 PROVISION FOR NORTHERN IRELAND

   1. 34. Interpretation of Part 8

   2. 35. Restoration of state scheme rights: Northern Ireland

   3. 36. Contributions equivalent premiums: prescribed person in Northern Ireland

   4. 37. Notification of requirement to pay a contributions equivalent premium: Northern Ireland

   5. 38. Cases where payment of a contributions equivalent premium is not required: Northern Ireland

   6. 39. Elections to pay contributions equivalent premiums: Northern Ireland

   7. 40. Payment of a contributions equivalent premium: Northern Ireland

   8. 41. Payment in lieu of benefit and delay in refund for the purposes of the employer’s right of recovery: Northern Ireland

   9. 42. Refund of a contributions equivalent premium: Northern Ireland

   10. 43. Continuation of savings in respect of state scheme premiums: Northern Ireland

   11. 44. Revocations of the Occupational Pension Schemes (Contracting-Out) Regulations (Northern Ireland) 1996 taking effect on the second abolition date

10. PART 9 REVOCATION OF PART OF THE OCCUPATIONAL PENSION SCHEMES (SCHEMES THAT WERE CONTRACTED-OUT) REGULATIONS 2015

    1. 45. Revocation of part of the Occupational Pension Schemes (Schemes that were Contracted-out) Regulations 2015

11. Signature

12. 1. SCHEDULE

       PROVISIONS CONFERRING POWERS EXERCISED IN MAKING THESE REGULATIONS

13. Explanatory Note