Act Overview
98.The Act is formed of 4 Parts:
	Part 1 – State PensionEntitlement to Category A and B retirement pensionsCredits for basic state pensionAbolition of adult dependency increasesUp-rating of basic state pension and other benefitsAdditional pension: deemed earnings factorsAdditional pension: simplification of accrual ratesIncrease in state pension age
	Part 2 – Occupational and personal pension schemesConversion of guaranteed minimum pensionsAbolition of contracting-out for defined contribution pension schemesDispute resolution arrangementsRemoval of Secretary of State’s role in approving actuarial guidanceFinancial assistance scheme: increased levels of paymentsTemporary restriction on purchase of annuities
	Part 3 – Personal Accounts Delivery Authority
	Part 4 – General