The Pensions Act 2008 (Commencement No. 8) Order 2010
This Order brings into force those parts of section 103(3) which insert section 46A(5) to (7) (retirement in tax year after 5th April 2020) into the Pension Schemes Act 1993 (c.48). Section 46A provides for a reduction in the amount of retirement pension or widowed parent’s allowance where a person is also entitled to a guaranteed minimum pension, where that person retires after 5th April 2020. Subsections (5), (6) and (7) of that section provide that the Secretary of State must require the Government Actuary or the Deputy Government Actuary (‘the Actuary’) to produce a report on how actuarial equivalence should be determined for the purposes of that section, that in preparing the report the Actuary consult such persons as the Actuary considers appropriate, and that the Secretary of State lay the report before Parliament.