The Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order 2016

Amendment of the Occupational Pension Schemes (Indexation) Regulations 1996

This section has no associated Explanatory Memorandum

6.  In regulation 1(2) (interpretation) of the Occupational Pension Schemes (Indexation) Regulations 1996(1)—

(a)omit the definition of “abolition date”;

(b)after the definition of “appointed day” insert—

“the first abolition date” has the meaning given in section 181(1) of the Pension Schemes Act 1993(2);;

(c)in the definition of “protected rights”, before “abolition date” insert “first”; and

(d)for the definition of “section 9(2B) rights” substitute—

“section 9(2B) rights” has the meaning given in regulation 2(1) of the Occupational Pension Schemes (Schemes that were Contracted-out) (No.2) Regulations 2015;.

(1)

S.I. 1996/1679. The definitions of “abolition date” and “protected rights” were inserted by S.I. 2011/1246. The definition of “section 9(2B) rights” was inserted by S.I. 2005/704 and amended by S.I. 2011/1246.

(2)

The definition of “the first abolition date” is inserted by paragraph 43(2) of Schedule 13 to the 2014 Act.