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Pension Schemes Act 2021

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Amendments of Part 4 of the Pensions (Northern Ireland) Order 2005

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3(1)Article 201 (the statutory funding objective) is amended as follows.

(2)After paragraph (2) insert—

(2A)The scheme’s technical provisions shall be calculated in a way that is consistent with the scheme’s funding and investment strategy, as set out in the scheme’s statement of strategy.

(3)In paragraph (3)(b), after “in a prescribed manner and” insert “, subject to paragraph (2A),”.

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