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Pensions Act (Northern Ireland) 2012 is up to date with all changes known to be in force on or before 04 September 2024. There are changes that may be brought into force at a future date.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.
5.Automatic re-enrolment where scheme membership interrupted
10.Rounded figures for earnings trigger and qualifying earnings band
12.Test scheme standard for schemes that produce sum of money for provision of benefits
13.Certification that alternative to quality requirement is satisfied
15.Transitional period for defined benefits and hybrid schemes to be optional
16.Arrangements where transitional conditions cease to be satisfied
19.Power to exempt certain cross-border employment from enrolment duty
Part 3 Occupational Pension Schemes
Schedules
Equalisation of and increase in pensionable age for men and women: consequential amendments
Abolition of certain additions to the state pension: consequential amendments etc.
Requirements to obtain actuarial valuations
1.The Pensions (Northern Ireland) Order 2005 is amended as follows....
3.(1) Article 125 (effect of review of ill health pension)...
4.In Article 126 (interpretation) in the definition of “scheme valuation”...
5.(1) Article 127 (Board's obligation to obtain valuation of assets...
6.After Article 127 insert— Determinations under Article 127 (1) Where the Board makes a determination under Article 127(2)(a)...
7.(1) Article 128 (approval of valuation) is amended as follows....
8.In Article 129(1) (binding valuations) for “127” substitute “ 127(2)(b)...
9.(1) Article 135 (application for Board to assume responsibility for...
10.In Article 138(5)(b) (requirement to wind up scheme) after “that...
11.(1) Article 142 (Board's duty to assume responsibility for closed...
13.(1) Schedule 8 (reviewable matters) is amended as follows.
21.Schedule 6 to the Pensions (Northern Ireland) Order 2005 (pension...
22.For paragraph 25A (deferral of compensation) and the heading before...
23.(1) In paragraph 5(3) (periodic compensation for postponed pensioner at...
24.(1) In paragraph 6 (periodic compensation for widow or widower...
25.In paragraph 24(1) (commutation of periodic compensation) for “becomes payable”...
26.(1) In paragraph 25B (eligibility for terminal illness lump sum)—...
27.(1) Paragraph 28 (annual increase in periodic compensation) is amended...
Pension compensation sharing: postponement of compensation
29.Schedule 4 to the Pensions (No. 2) Act (Northern Ireland)...
31.(1) In paragraph 4(3) (periodic compensation for transferee over pension...
32.(1) In paragraph 5 (periodic compensation for widow etc. of...
33.In paragraph 9(1) (commutation of periodic compensation) for “becomes payable”...
34.(1) In paragraph 12 (eligibility for terminal illness lump sum)—...
35.(1) Paragraph 17 (annual increase in periodic compensation) is amended...
36.In paragraph 20 (Board's power to alter rates of revaluation...
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