The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations (Northern Ireland) 2018 No. 51

Amendment of the Occupational Pension Schemes (Schemes that were Contracted-out) Regulations

3.  In regulation 2(1) of the Occupational Pension Schemes (Schemes that were Contracted-out) Regulations (Northern Ireland) 2016(1) (interpretation) in the definition of “section 5(2B) rights”—

(a) for paragraph (a) substitute—

“(a) rights to the payment of pensions and accrued rights to pensions (other than rights attributable to voluntary contributions)—

(i) under a scheme that was a salary related contracted-out scheme, or

(ii) under a salary related scheme, as defined in regulation 1(2)(2) of the Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996, that has never been a contracted-out scheme, following a transfer in accordance with regulation 9 of those Regulations,

so far as attributable to an earner’s service in contracted-out employment on or after 6th April 1997, and”;

(b) in paragraph (b)(i) for “another scheme that was a salary related contracted-out scheme” substitute “another salary related scheme”.

(1)

S.R. 2016 No. 107 to which there are amendments not relevant to these Regulations

(2)

The definition of “salary related scheme” was inserted by regulation 2(2)(b) of the these Regulations