The Social Security (Reduced Rates of Class 1 Contributions and Rebates) (Money Purchase Contracted-out Schemes) Order 1996
This Order, a draft of which has been laid before and approved by a resolution of each House of Parliament, is made as a consequence of a review by the Secretary of State under section 42B of the Pension Schemes Act (“the 1993 Act") following a report by the Government Actuary in relation to the contracted-out percentages under section 42 of the 1993 Act.