SCHEDULES
SCHEDULE 13ABOLOTION OF CONTRACTING-OUT FOR SALARY RELATED SCHEMES
PART 1PENSION SCHEMES (NORTHERN IRELAND) ACT 1993: AMENDMENTS
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1
Section 176(1) (general interpretation) is amended as follows.
2
In the appropriate places insert—
“the first abolition date” has the meaning given by section 3A;
“the second abolition date” has the meaning given by section 3A;
“salary related contracted-out scheme” is to be construed in accordance with section 3B;
3
Omit the definition of “abolition date”.
4
In the definition of “appropriate scheme” and “appropriate scheme certificate”, for “section 176A” substitute “
section 3B
”
.
5
In the definition of “contracting-out certificate”, for “section 3 and section 176A” substitute “
section 3B
”
.
6
In the definition of “contributions equivalent premium”, for “has the meaning given in” substitute “
means a premium that was paid under
”
.
7
In the definition of “earner” and “earnings”, after “in accordance with” insert “
section 4(1B) of this Act and
”
.
8
In the definition of “money purchase contracted-out scheme”, for “section 176A” substitute “
section 3B
”
.
9
For the definition of “the principal appointed day” substitute—
“the principal appointed day” means 6 April 1997 (which is the day designated as the principal appointed day for the purposes of Part 4 of the Pensions (Northern Ireland) Order 1995);