The Occupational Pension Schemes (Modification of the Pension Schemes Act 1993) Regulations 1998

• Citation: S.I. 1998/1466
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Occupational Pension Schemes (Modification of the Pension Schemes Act 1993) Regulations 1998 and shall come into force on 20th July 1998.

Section 2 Modification of section 37(2) of the Pension Schemes Act 1993

In connection with the coming into force of paragraph 39 of Schedule 5 to the Pensions Act 1995, with respect to any alteration made prior to 6th April 1997 to the rules of any contracted-out scheme, section 37(2) of the Pension Schemes Act 1993 shall be modified so as to have effect as follows:—

(2) Regulations may provide for the validation with retrospective effect in prescribed circumstances of any alteration to the rules of a contracted-out scheme where such alteration was made prior to 6th April 1997 and was void immediately before that date by virtue of subsection (3) of this section as then in force.