Part 1 Pension Schemes Act 1993: Amendments
Pensions Act 2014 (2014 c 19) | Legislation

SCHEDULE 13 Abolition of Contracting-out for Salary Related Schemes

Section 24

Part 1 Pension Schemes Act 1993: Amendments

1

The Pension Schemes Act 1993 is amended as follows.

2

For “the abolition date†(in each place) substitute “the first abolition dateâ€.

3

In the heading for Part 3 of the Act—

(a)     for “Certification of pension schemes†substitute “Schemes that were contracted-out etcâ€;

(b)     omit “and dutiesâ€.

4

For the heading to Chapter 1 of Part 3 substitute “Schemes that were contracted-out: guaranteed minimum pensions and alteration of scheme rules etcâ€.

5

Section 7 (issue of contracting-out certificates) is repealed (and accordingly, any certificates in force under that section immediately before this paragraph comes into force cease to have effect).

6

After section 7 insert—

“7A Meaning of “the first abolition date†and “the second abolition dateâ€

In this Act—

“the first abolition date†means 6 April 2012 (the date appointed for the commencement of section 15(1) of the Pensions Act 2007 (abolition of contracting-out for defined contribution pension schemes));

“the second abolition date†means 6 April 2016 (the date on which section 56(4) of the Pensions Act 2014 provides for the

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