51 Calculation of guaranteed minimum pensions preserved under approved arrangements
Pension Schemes Act 1993 (1993 c 48) | Legislation

51  Calculation of guaranteed minimum pensions preserved under approved arrangements

(1)     This section applies where—

(a)     an earner's guaranteed minimum pension rights or accrued rights to guaranteed minimum pensions under a scheme [satisfy prescribed conditions], and

(b)     one or more of the five tax years ending with the tax year in which the scheme [ceased] to be contracted-out is a relevant year in relation to the earner.

(2)     Where

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