The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996

Regulation 14(3)

SCHEDULE 4 Transitional Provisions

In a case such as is mentioned in regulation 14(3) of these Regulations, the 1985 Regulations are modified as follows:

(a) all references to the Occupational Pensions Board are replaced by references to the Department;

(b) in regulation 1(2)—

(i) for the definition of “overseas scheme” there shall be substituted the definition of “overseas scheme” in regulation 1(2) of these Regulations, and

(ii) for the definitions of “section 49 money purchase scheme” and “section 49 salary related scheme”(1) there shall be substituted respectively the following definitions—

““section 49 money purchase scheme” means a scheme which was formerly a money purchase contracted-out scheme and in respect of which section 49 applies;

“section 49 salary related scheme” means a scheme which was formerly a salary related contracted-out scheme and in respect of which section 49 applies;”.

(1)

These definitions were substituted by paragraph 2(2)(e) of Schedule 2 to S.R. 1994 No. 300