Pension Schemes Act 1993

[F1100DInterpretation of ChapterE+W+S

In this Chapter—

  • “accrued rights”, in relation to a member of a pension scheme, means rights that have accrued to or in respect of the member to benefits under the scheme;

  • “category”, in relation to benefits, has the meaning given by section 93(6);

  • “flexible benefit” has the meaning given by section 74 of the Pension Schemes Act 2015;

  • “guarantee date”, in relation to a member who has received a statement of entitlement, has the meaning given by section 93A;

  • “member” is to be read in accordance with section 93(11);

  • “normal pension age” has the meaning given by section 100C;

  • “pension credit rights”, in relation to a member of a pension scheme, means rights to benefits under the scheme which are attributable (directly or indirectly) to a pension credit;

  • “salary related occupational pension scheme”: an occupational pension scheme is “salary related” if—

    (a)

    the scheme is not a scheme under which all the benefits that may be provided are money purchase benefits, and

    (b)

    the scheme does not fall within a prescribed class;

  • “scheme rules”, in relation to a pension scheme, has the meaning given by section 100B;

  • “statement of entitlement” has the meaning given by section 93A;

  • “transferrable rights” is to be read in accordance with section 93(11).]

Textual Amendments