Pension Schemes Act 2021
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Change 1
SCHEDULE 1 Money purchase benefits
Section 6 Building Societies Act 1986 (c. 53) 1 (1) Schedule 10A to the Building Societies Act 1986 (disclosures about directors, other officers and employees in notes to accounts) is amended as follows. (2) In paragraph 1(2) (aggregate amount of director's remuneration), at the appropriate place insert— “collective money purchase benefit” has the meaning given in section 1 of the Pension Schemes Act 2021; . (3) In that provision, in the definition of “money purchase benefits”— (a) for “means retirement benefits” substitute means— (a) retirement benefits ; (b) at the end insert , and (b) collective money purchase benefits; . (4) In paragraph 1A(1) (money purchase benefits), for “the definition” substitute “ paragraph (a) of the definition ”. Pension Schemes Act 1993 (c. 48) 2 The Pension Schemes Act 1993 is amended as follows. 3 (1) Section 181(1) (general interpretation) is amended as follows. (2) At the appropriate place insert— “collective money purchase benefit” has the meaning given by section 1 of the Pension Schemes Act 2021; . (3) In the definition of “money purchase benefits”— (a) for “means benefits” substitute means— (a) benefits ; (b) at the end insert , and (b) collective money purchase benefits; . 4 In section 181B(1) (money purchase benefits: supplementary), for “the definition” substitute “ paragraph (a) of the definition ”. Pensions Act 2008 (c. 30) 5 The Pensions Act 2008 is amended as follows. 6 (1) Section 99 (interpretation of Part 1: pension scheme membership for jobholders) is amended as follows. (2) At the appropriate place insert— “collective money purchase benefit” has the meaning given by section 1 of the Pension Schemes Act 2021; . (3) In the definition of “money purchase benefits”— (a) for “means benefits” substitute means— (a) benefits ; (b) at the end insert , and (b) collective money purchase benefits; . 7 In section 99A(1) (money purchase benefits: supplementary), for “the definition” substitute “ paragraph (a) of the definition ”.
SCHEDULE 1 Money purchase benefits
Section 6 Building Societies Act 1986 (c. 53) 1 (1) Schedule 10A to the Building Societies Act 1986 (disclosures about directors, other officers and employees in notes to accounts) is amended as follows. (2) In paragraph 1(2) (aggregate amount of director's remuneration), at the appropriate place insert— “collective money purchase benefit” has the meaning given in section 1 of the Pension Schemes Act 2021; . (3) In that provision, in the definition of “money purchase benefits”— (a) for “means retirement benefits” substitute means— (a) retirement benefits ; (b) at the end insert , and (b) collective money purchase benefits; . (4) In paragraph 1A(1) (money purchase benefits), for “the definition” substitute “ paragraph (a) of the definition ”. Pension Schemes Act 1993 (c. 48) 2 The Pension Schemes Act 1993 is amended as follows. 3 (1) Section 181(1) (general interpretation) is amended as follows. (2) At the appropriate place insert— “collective money purchase benefit” has the meaning given by section 1 of the Pension Schemes Act 2021; . (3) In the definition of “money purchase benefits”— (a) for “means benefits” substitute means— (a) benefits ; (b) at the end insert , and (b) collective money purchase benefits; . 4 In section 181B(1) (money purchase benefits: supplementary), for “the definition” substitute “ paragraph (a) of the definition ”. Pensions Act 2008 (c. 30) 5 The Pensions Act 2008 is amended as follows. 6 (1) Section 99 (interpretation of Part 1: pension scheme membership for jobholders) is amended as follows. (2) At the appropriate place insert— “collective money purchase benefit” has the meaning given by section 1 of the Pension Schemes Act 2021; . (3) In the definition of “money purchase benefits”— (a) for “means benefits” substitute means— (a) benefits ; (b) at the end insert , and (b) collective money purchase benefits; . 7 In section 99A(1) (money purchase benefits: supplementary), for “the definition” substitute “ paragraph (a) of the definition ”.
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