8 Meaning of “contracted-out employment”, “guaranteed minimum pension” and “minimum payment”
8(1) In relation to any period before the second abolition date, the employment of an earner in employed earnerʼs employment was “contracted-out employment” in relation to the earner during that period if–
(a)the earner was under pensionable age;
(b)the earnerʼs service in the employment was service which qualified the earner for a pension provided by a salary related contracted-out scheme; and
(c)there was in force a contracting-out certificate issued in accordance with this Chapter (as it then had effect) stating that the employment was contracted-out employment by reference to the scheme.