SCHEDULES
E1 SCHEDULE 5 Amendments relating to Part III
The Pension Schemes Act 1993 (c. 48)
I245
In section 50 (powers to approve arrangements for scheme ceasing to be certified)—
a
in subsection (1)(a)—
i
at the end of sub-paragraph (i) there is inserted “
or accrued rights to pensions under the scheme attributable to their service on or after the principal appointed day
”
, and
ii
in sub-paragraph (ii), for “guaranteed minimum pensions under the scheme” there is substituted “
such pensions
”
,
I1b
after subsection (1) there is inserted—
1A
The power of the Secretary of State to approve arrangements under this section—
a
includes power to approve arrangements subject to conditions, and
b
may be exercised either generally or in relation to a particular scheme.
1B
Arrangements may not be approved under this section unless any prescribed conditions are met
c
subsection (7) is omitted.
The amendment by this Act of an enactment which extends to Northern Ireland extends also to Northern Ireland see s.178(1)(2)(3).