The Employment Equality (Age) Regulations 2006 No. 1031

SCHEDULE 2 E+W+S Pension schemes

Part 2 E+W+S Excepted rules, practices, actions and decisions relating to occupational pension schemes

Contributions under money purchase arrangements E+W+S

10.  Under a money purchase arrangement—

(a) different rates of member or employer contributions according to the age of the members by or in respect of whom contributions are made where the aim in setting the different rates is—

(i) to equalise the [F1 amount of age related benefit in respect of comparable aggregate periods of pensionable service] to which members of different ages who are otherwise in a comparable situation will become entitled under the arrangement, or

[F2 (ii) to make more nearly equal the amount of the age related benefit, in respect of comparable aggregate periods of pensionable service, to which members of different ages who are otherwise in a comparable situation will become entitled under the arrangement;]

(b) equal rates of member or employer contributions irrespective of the age of the members by or in respect of whom contributions are made.

[F3 (c) any limitation on any employer contributions in respect of a member or member contributions by reference to a maximum level of pensionable pay.]

Textual Amendments

F1 Words in Sch. 2 para. 10(a)(i) substituted (1.12.2006) by The Employment Equality (Age) (Amendment No.2) Regulations 2006 (S.I. 2006/2931), regs. 1(1), 9(a)

F2 Sch. 2 para. 10(a)(ii) substituted (1.12.2006) by The Employment Equality (Age) (Amendment No.2) Regulations 2006 (S.I. 2006/2931), regs. 1(1), 9(b)

F3 Sch. 2 para. 10(c) inserted (1.12.2006) by The Employment Equality (Age) (Amendment No.2) Regulations 2006 (S.I. 2006/2931), regs. 1(1), 9(c)