The Occupational Pension Schemes (Winding up, etc.) Regulations (Northern Ireland) 2005

1. Introductory Text

2. 1. Citation, commencement and application

3. 2. Interpretation

4. Winding up

   1. 3. Schemes to which Article 73 of the 1995 Order does not apply

   2. 4. Corresponding PPF liability: modifications of the pension compensation provisions, etc.

   3. 5. Early leaver’s rights: deemed election for contribution refund

   4. 6. Adjustments to discretionary awards

   5. 7. Adjustments to survivors' benefits

   6. 8. Entitlement to death benefits treated as arising before commencement of winding up period

   7. 9. Calculation of the value or amount of scheme assets and liabilities

   8. 10. Discharge of liabilities during assessment period

   9. 11. Requirements to be met where liabilities discharged on winding up

   10. 12. Commencement of winding up

   11. 13. Multi-employer sectionalised schemes, schemes with partial government guarantee and partly foreign schemes

   12. 14. Consequential amendments

5. Transfer values

   1. 15. Amendment of the Occupational Pension Schemes (Transfer Values) Regulations

6. Pension sharing

   1. 16. Amendment of the Pension Sharing (Valuation) Regulations

   2. 17. Amendment of the Pension Sharing (Implementation and Discharge of Liability) Regulations

   3. 18. Amendment of the Pension Sharing (Pension Credit Benefit) Regulations

7. Signature

8. 1. SCHEDULE

      CONSEQUENTIAL AMENDMENTS

      1. PART 1

         1. 1. Amendment of the Winding Up Regulations

         2. 2. In regulation 3 (modification of Article 73) –

         3. 3. In regulation 5(1) (modification of schemes to fix time for...

         4. 4. In regulation 7(8) (requirements applicable to notices of discharge under...

         5. 5. In regulation 11(1)(b) (records and information), as it applies to...

         6. 6. In regulation 12 (winding up of sectionalised schemes, etc.), as...

         7. 7. After regulation 12 there shall be inserted the following regulation...

      2. PART 2

         1. 8. Amendment of the Occupational Pension Schemes (Contracting-out) Regulations

         2. 9. Amendment of the Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations

         3. 10. Amendment of the Occupational Pension Schemes (Disclosure of Information) Regulations

         4. 11. Amendment of the Occupational Pension Schemes (Payments to Employers) Regulations

         5. 12. Amendment of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations

9. Explanatory Note