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The Pensions (Northern Ireland) Order 2005

Changes over time for: Section 261

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Restrictions on commutation and age at which benefits may be receivedN.I.

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261.—(1) For section 17(1) of the Pension Schemes Act (commutation of guaranteed minimum pensions) substitute—

“(1) A scheme may, in such circumstances and subject to such restrictions and conditions as may be prescribed, provide for the payment of a lump sum instead of a pension required to be provided by the scheme in accordance with section 9 or 13.” .

(2) In section 13 of that Act (minimum pensions for widows and widowers), at the end add—

“(8) Where—

(a)a lump sum is paid to an earner under provisions included in a scheme by virtue of section 17(1), and

(b)those provisions are of a prescribed description,

the earner shall be treated for the purposes of this section as having any guaranteed minimum under section 10 that he would have had but for that payment.” .

(3) F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4) F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5) F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6) F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7) F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1Art. 261(3)-(7) repealed (11.2.2008 with effect as mentioned in s. 19(5) of the amending Act) by Pensions Act (Northern Ireland) 2008 (c. 1), s. 19(2), Sch. 6 Pt. 6 (with savings in Sch. 4 Pt. 3)

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