SCHEDULES
Prospective
Section 40.
SCHEDULE 1N.I.EARLY LEAVERS: REVALUATION OF ACCRUED BENEFITS
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 47.
SCHEDULE 2N.I.OTHER AMENDMENTS TO DO WITH PARTS 1 AND 2
Pension Schemes (Northern Ireland) Act 1993 (c. 49)N.I.
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1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
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2 In section 79 (scope of provisions about revaluation of benefits excluding guaranteed minimum pensions), in subsection (4), for paragraph (a) (but not the “and” at the end) substitute—N.I.
“(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4 In section 120 (duty of the Department for Employment and Learning to pay unpaid contributions to schemes), for subsection (3A) substitute—N.I.
“(3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”.
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5—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Pensions (Northern Ireland) Order 1995 (NI 22)N.I.
6 The 1995 Order is amended as follows.N.I.
7 In Article 37 (payment of surplus to employer) in paragraph (1A)—N.I.
(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 In Article 38 (power to defer winding up), in paragraph (3), for sub-paragraph (a) (but not the “or” at the end) substitute—N.I.
“(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”.
9 In Article 51 (annual increase in rate of pension), in paragraph (1)(a)(iii), for “is not a money purchase scheme” substitute “ is not a defined contributions scheme ”.N.I.
10 In Article 51A (restrictions on increase where annuity tied to investments), in paragraph (1), for “money purchase scheme” substitute “ defined contributions scheme ”.N.I.
11 In Article 73 (preferential liabilities on winding up), for paragraph (2) substitute—N.I.
“(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”.
12 In Article 75 (employer debt where deficiency in assets on winding up etc), for paragraph (1) substitute—N.I.
“(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”.
13—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14 For the italic cross-heading above Article 85 substitute “ Schemes providing money purchase benefits ”.N.I.
15 In the heading to Article 86 (schedules of payments to money purchase schemes: supplementary), for “to money purchase schemes” substitute “ in respect of money purchase benefits under certain schemes ”.N.I.
16—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 In Article 121 (interpretation), in paragraph (1), at the appropriate places insert—N.I.
““collective benefit” has the meaning given by section 8 of the Pension Schemes Act (Northern Ireland) 2016;”,
““defined benefits scheme” has the meaning given by section 2 of the Pension Schemes Act (Northern Ireland) 2016;”,
““defined contributions scheme” has the meaning given by section 4 of the Pension Schemes Act (Northern Ireland) 2016;”,
““occupational”, in relation to a defined benefits scheme, shared risk scheme or defined contributions scheme, means an occupational pension scheme of that description;”,
““shared risk scheme” has the meaning given by section 3 of the Pension Schemes Act (Northern Ireland) 2016;”.
18—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Welfare Reform and Pensions (Northern Ireland) Order 1999 (NI 11)N.I.
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19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
Pensions (Northern Ireland) Order 2005 (NI 1)N.I.
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20 The 2005 Order is amended as follows.N.I.
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21—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22 In Article 9 (improvement notices), in paragraph (7)—N.I.
(a)omit the “, or” at the end of sub-paragraph (e);
(b)after sub-paragraph (f) insert
“, or
(g)the Pension Schemes Act (Northern Ireland) 2016.”.
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23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
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24—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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25 In Article 34 (contribution notices where avoidance of employer debt), for paragraph (1) substitute—N.I.
“(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”.
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26—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
28—(1) Article 85 (codes of practice) is amended as follows.N.I.
(2) In paragraph (2)(i), for “money purchase schemes” substitute “ certain schemes ”.
(3) In paragraph (6), in the definition of “the pensions legislation”—
(a)omit the “or” at the end of paragraph (c);
(b)after paragraph (d) insert—
“(e)Schedule 18 to the Pensions Act (Northern Ireland) 2015, or
(f)the Pension Schemes Act (Northern Ireland) 2016.”.
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29 In Article 110 (schemes eligible for pension protection), for paragraph (1) substitute—N.I.
“(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”.
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30 For Article 200 (application of scheme funding rules in Part 4), substitute—N.I.
“Pension schemes to which this Part appliesN.I.
200—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”.
31 In Article 231 (representative of non-European scheme to be treated as trustee), in paragraph (3)—N.I.
(a)omit the “or” at the end of sub-paragraph (c);
(b)after sub-paragraph (d) insert
“, or
(e)the Pension Schemes Act (Northern Ireland) 2016.”.
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32 In Article 235 (pension protection on transfer of employment: form of protection), in paragraph (2)—N.I.
(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33 In Article 267 (duty of trustees or managers to act consistently with law of host EEA state), in paragraph (4)—N.I.
(a)omit the “or” at the end of sub-paragraph (c);
(b)after sub-paragraph (d) insert
“, or
(e)the Pension Schemes Act (Northern Ireland) 2016.”.
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34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
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Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13)N.I.
35 The Pensions (No2) Act (Northern Ireland) 2008 is amended as follows.N.I.
36—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
37 In section 21 (quality requirement: UK defined benefits schemes) for “A defined benefits scheme” substitute “ An occupational defined benefits scheme ”.N.I.
38 In section 23A (alternative quality requirements for UK defined benefits schemes), in subsection (1), for “a defined benefits scheme” substitute “ an occupational defined benefits scheme ”.N.I.
39—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
41—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
42 For the heading to section 29 substitute “ Transitional periods for certain schemes ”.N.I.
43—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
44 In section 35 (compliance notices), in subsection (5), for “a defined benefits scheme or a hybrid scheme” substitute “ an occupational defined benefits scheme or a shared risk scheme ”.N.I.
45 In section 38 (calculation and payment of contributions), in subsection (2)(e), for “a money purchase scheme, a hybrid scheme or a personal pension scheme” substitute “ a defined contributions scheme or a shared risk scheme ”.N.I.
46—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pensions Act (Northern Ireland) 2015 (c. 5)N.I.
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47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.