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Pensions Act 1995

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Change 1

What to do with it
As published

50A Meaning of “person with an interest in the scheme”

(1) For the purposes of section 50 a person is a person with an interest in an occupational pension scheme if— (a) he is a member of the scheme, (b) he is a widow, widower , surviving civil partner or surviving dependant of a deceased member of the scheme, (c) he is a surviving non-dependant beneficiary of a deceased member of the scheme, (d) he is a prospective member of the scheme, (e) he has ceased to be within any of the categories of persons referred to in paragraphs (a) to (d), or (f) he claims to be such a person as is mentioned in paragraphs (a) to (e) and the dispute relates to whether he is such a person. (2) In subsection (1)(c) a “non-dependant beneficiary”, in relation to a deceased member of an occupational pension scheme, means a person who, on the death of the member, is entitled to the payment of benefits under the scheme. (3) In subsection (1)(d) a “prospective member” means any person who, under the terms of his contract of service or the rules of the scheme— (a) is able, at his own option, to become a member of the scheme, (b) will become so able if he continues in the same employment for a sufficiently long period, (c) will be admitted to the scheme automatically unless he makes an election not to become a member, or (d) may be admitted to it subject to the consent of his employer.

Your change, as a redline

50A Meaning of “person with an interest in the scheme”

(1) For the purposes of section 50 a person is a person with an interest in an occupational pension scheme if— (a) he is a member of the scheme, (b) he is a widow, widower , surviving civil partner or surviving dependant of a deceased member of the scheme, (c) he is a surviving non-dependant beneficiary of a deceased member of the scheme, (d) he is a prospective member of the scheme, (e) he has ceased to be within any of the categories of persons referred to in paragraphs (a) to (d), or (f) he claims to be such a person as is mentioned in paragraphs (a) to (e) and the dispute relates to whether he is such a person. (2) In subsection (1)(c) a “non-dependant beneficiary”, in relation to a deceased member of an occupational pension scheme, means a person who, on the death of the member, is entitled to the payment of benefits under the scheme. (3) In subsection (1)(d) a “prospective member” means any person who, under the terms of his contract of service or the rules of the scheme— (a) is able, at his own option, to become a member of the scheme, (b) will become so able if he continues in the same employment for a sufficiently long period, (c) will be admitted to the scheme automatically unless he makes an election not to become a member, or (d) may be admitted to it subject to the consent of his employer.

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Who it helps, what it costs, what it fixes. It is what persuades people to support it.

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