The Pensions (Northern Ireland) Order 2005, Section 153 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
153.—(1 )F1 This Article applies where the Board assumes responsibility for an eligible scheme in accordance with this Chapter.
(2) The Board may provide for the discharge of any liability imposed by this Chapter to provide compensation—
(a)by the taking out of a policy of insurance or a number of such policies;
(b)by the entry into an annuity contract or a number of such contracts;
(c)by the transfer of the benefit of such a policy or policies or such a contract or contracts;
(d)in prescribed circumstances, by the payment of a cash sum calculated in the prescribed manner.
F1mod. by SR 2005/55
Commencement Information
I1Art. 153 partly in operation; art. 153 not in operation at date of making see art. 1(2); art. 153(1)(2)(a)-(c) in operation at 6.4.2006 by S.R. 2006/95, art. 2(c), Sch. Pt. 3
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