Search Legislation

Pensions Act (Northern Ireland) 2012

Status:

This is the original version (as it was originally enacted).

This section has no associated Explanatory Notes

23.—(1) In paragraph 5(3) (periodic compensation for postponed pensioner at assessment date)—

(a)omit “and” at the end of paragraph (a), and

(b)after that paragraph insert—

(aa)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph, and.

(2) In paragraph 7(2) (lump sum compensation for postponed pensioner at assessment date) for the words from “the amount” to the end substitute the aggregate of—

(a)the amount of the scheme lump sum which would have been payable had the postponement ceased immediately before the assessment date, and

(b)if the payment of compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph..

(3) In paragraph 8(3) (periodic compensation for active member over pension age at assessment date)—

(a)omit “and” at the end of paragraph (a), and

(b)after that paragraph insert—

(aa)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph, and.

(4) In paragraph 10(2) (lump sum compensation for active member over pension age at assessment date)—

(a)omit “and” at the end of paragraph (a), and

(b)after paragraph (b) insert , and

(c)if the payment of compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph..

(5) In paragraph 11(3) (periodic compensation for active member under pension age at assessment date)—

(a)omit “and” at the end of paragraph (a), and

(b)after that paragraph insert—

(aa)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph, and.

(6) In paragraph 14(3) (lump sum compensation for active member under pension age at assessment date) for “the protected amount” substitute the aggregate of—

(a)the protected amount, and

(b)if the payment of compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph..

(7) In paragraph 15(3) (periodic compensation for deferred member under pension age at assessment date)—

(a)omit “and” at the end of paragraph (a), and

(b)after that paragraph insert—

(aa)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph, and.

(8) In paragraph 19(3) (lump sum compensation for deferred member under pension age at assessment date) for “the protected amount” substitute the aggregate of—

(a)the protected amount, and

(b)if the payment of compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph..

(9) In paragraph 26 (compensation cap)—

(a)in sub-paragraphs (3)(c) and (6)(e) for “14(3)” substitute “14(3)(a)”, and

(b)in sub-paragraphs (3)(e) and (6)(g) for “19(3)” substitute “19(3)(a)”.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Show Explanatory Notes for Sections: Displays relevant parts of the explanatory notes interweaved within the legislation content.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the Northern Ireland Assembly department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the Northern Ireland Assembly.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources