Anti-frankingU.K.
16(1)If before 21st July 1989 an earner ceased to be in contracted-out employment by reference to an occupational pension scheme other than a money purchase contracted-out scheme, Chapter III of Part IV shall apply in relation to him with the modifications set out in sub-paragraphs (2) and (3).U.K.
(2)In section 87—
(a)in subsection (3) for the words “at any time” there shall be substituted the words “ on the relevant date and at any time thereafter ”;
(b)after that subsection there shall be inserted—
“(3A)In subsection (3) “relevant date”—
(a)in the application of that subsection to a case where a scheme provides for any part of the pension in excess of the earner’s guaranteed minimum to commence from a date not more than 3 months after that on which he attains pensionable age or to be postponed for any period for which he continues in employment (whether or not employment to which the scheme relates) after attaining that age, is to be construed in relation to the part of the pension as to which such provision is made as a reference to the date on which by virtue of it that part of the pension begins to be paid; and
(b)in any other case means the commencement of payment date.”;
(c)in subsection (4) of that section paragraph (d) shall be omitted.
(3)Section 90 shall be omitted.