LegalizeThe Postal Services Act 2011 (Transfer of Accrued Pension Rights) Order 2012
Article 8 provides a specific definition of the RMPP Trustee for the purposes of the discharge. Article 9 and Part 1 of Schedule 4 provide that the RMSPS will be treated as if it were an occupational pension scheme for the purposes of the occupational pensions legislation at Schedule 4, Part I. Article 10 and Part II of Schedule 4 provide that the RMSPS will be treated as a salary-related contracted out scheme for the purposes of Part 3 of the Pension Schemes Act [1993 (c. 48)](https://www.legislation.gov.uk/ukpga/1993/48), and modifies that legislation in its application to the RMSPS.
Article 11 gives effect to the commensurate amendments to the RMPP to remove the rights that transfer to the RMSPS. The amendments to the RMPP documentation are so voluminous that they are contained in an external document, the Statement of Amendments, which is available as described in the definition of that document at article 2, and below. Article 12 amends documents relating to financial security for the RMPP.
Article 13 gives effect to those amendments to the RMPP which divide it into different sections so as to create a new section for the employees of Post Office Limited. Article 14 makes further provision about the division of the RMPP into sections and the relationship between the new section and the rest of the RMPP.
An Explanatory Memorandum accompanying this Order is available alongside the instrument on the OPSI website (www.opsi.gov.uk). Copies have also been placed in the Libraries of the House of Commons and the House of Lords.
The document referred to as the Statement of Amendments, which sets out the amendments to the RMPP, and the documents relating to the financial security of the RMPP which are referred to in Schedule 5, have been placed in the Libraries of the House of Commons and the House of Lords and are being made available on the BIS website.
An impact assessment has not been produced for this Order as a full impact assessment was prepared for the enabling provisions in the Act, the findings of which have not changed.
Footnotes
Qualifying time is defined at section 16(1) of the Postal Services Act 2011.
RMPP is defined in the Postal Services Act 2011 as the Royal Mail Pension Plan.
Qualifying accrued rights are defined at section 16(1) of the Postal Services Act 2011.
1973 c.18. Section 23 amended by Family Law Act 1996, section 15, schedule 2, paragraph 5.
1985 c.37. Section 12A inserted by the Pensions Act 1995, section 167(3).
Section 24B inserted by the Welfare Reform and Pensions Act 1999, s 19, schedule 3, paragraphs 1 and 4.
Section 25D inserted with savings by the Pensions Act 1995, s 166(1).
1973 c.18. Relevant amendments made by Pensions Act 1995, s 166(1), Welfare Reform and Pensions Act 1999, section 21 and Schedule 4.
S.I 1996/1847. Relevant amendments made by S.I. 2008/2450 reg 3.
1995 c.26. Relevant amendments made by the Pensions Act 2004, sections 273 and 278.
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