37 Requirements relating to pension credit benefit

37  Requirements relating to pension credit benefit

After section 101 of the Pension Schemes Act 1993 there shall be inserted—

“Part IVA
Requirements Relating to Pension Credit Benefit

Chapter I
Pension Credit Benefit under Occupational Schemes

101A Scope of Chapter I

(1)     This Chapter applies to any occupational pension scheme whose resources are derived in whole or part from—

(a)     payments to which subsection (2) applies made or to be made by one or more employers of earners to whom the scheme applies, or

(b)     such other payments by the earner or his employer, or both, as may be prescribed for different categories of scheme.

(2)     This subsection applies to payments—

(a)     under an actual or contingent legal obligation, or

(b)     in the exercise of a power conferred, or the discharge of a duty imposed, on a Minister of the Crown, government department or any other person, being a power or duty which extends to the disbursement or allocation of public money.

101ԳٱٲپDz

In this Chapter—

“scheme” means an occupational pension scheme to which this Chapter applies;

‼ԲDz credit rights” means rights to future benefits under a scheme which are attributable (directly or indirectly) to a pension credit;

‼ԲDz

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