Pension Schemes (Northern Ireland) Act 1993 (c. 49)

Part III Certification of Pension Schemes and Effects on Members' State Scheme Rights and Duties

Chapter I Certification

Requirements for certification of occupational pension schemes providing guaranteed minimum pensions

18 Financing of benefits

The resources of the scheme must be derived in whole or in part from—

(a) payments made or to be made by one or more employers of earners to whom the scheme applies, being payments either—

(i) under an actual or contingent legal obligation; or

(ii) in the exercise of a power conferred, or the discharge of a duty imposed, on a Minister of the Crown, government department or any other person, being a power or duty which extends to the disbursement or allocation of public money; or

(b) such other payments by the earner or his employer, or both, as may be prescribed for different categories of scheme.