The Occupational Pension Schemes (Scheme Funding) Regulations (Northern Ireland) 2005

Regulation 20(1)

SCHEDULE 3 N.I. Supplementary and Consequential Provisions

Amendment of the Occupational Pension Schemes (Contracting-out) Regulations N.I.

1.—(1) The Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996(1) shall be amended in accordance with sub-paragraphs (2) to (5).

(2) In regulation 1(2) (interpretation)—

(a) before the definition of “the Act” there shall be inserted the following definition—

““the 2005 Order” means the Pensions (Northern Ireland) Order 2005;”, and

(b) the definition of “minimum funding requirement” shall be omitted.

(3) In regulation 6(2) (information to be included in an election) for sub-paragraph (g) there shall be substituted the following sub-paragraph—

“(g) in the case of a scheme to which Part IV of the 2005 Order (scheme funding) applies, that the requirements of Articles 203, 204, 205 (if applicable) and 206 of that Order and any regulations under those provisions are complied with.”.

F1 (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2 (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6) The amendments in this paragraph have effect subject to paragraph 17 of Schedule 4.

Textual Amendments

F1 Sch. 3 para. 1(4) revoked (6.4.2016) by The Occupational Pension Schemes (Schemes that were Contracted-out) Regulations (Northern Ireland) 2016 (S.R. 2016/107), reg. 1(a), Sch. 2

F2 Sch. 3 para. 1(5) revoked (6.4.2016) by The Occupational Pension Schemes (Schemes that were Contracted-out) Regulations (Northern Ireland) 2016 (S.R. 2016/107), reg. 1(a), Sch. 2

Commencement Information

I1 Sch. 3 para. 1 in operation at 30.12.2005, see reg. 1

Amendment of the Occupational Pension Schemes (Transfer Values) Regulations N.I.

2.—(1) The Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1996(2) shall be amended in accordance with sub-paragraphs (2) to (4).

(2) In regulation 1(2) (interpretation) after the definition of “the 1985 Regulations” there shall be inserted the following definition—

““the 2005 Order” means the Pensions (Northern Ireland) Order 2005;”.

(3) In regulation 7(3) (manner of calculation and verification of cash equivalents)—

(a) in paragraph (3)(b), head (iv) and the word “and” immediately preceding it, and

(b) paragraph (4),

shall be omitted.

(4) In regulation 8 (further provisions as to calculation of cash equivalents and increases and reductions of cash equivalents (other than guaranteed cash equivalents))—

(a) in paragraph (4)(4) for “Article 56 (minimum funding requirement)” there shall be substituted “Part IV of the 2005 Order (scheme funding)”;

(b) in paragraph (4B) “then, subject to paragraph (4D)” shall be omitted;

(c) paragraphs (4D) to (4I), (4K), (4L) and (6) shall be omitted, and

(d) in paragraph (5)(5)—

(i) for “Article 61, Article 56” there shall be substituted “Article 211 of the 2005 Order, Part IV of that Order”, and

(ii) for “paragraphs (4), (4A) and (4G)” there shall be substituted “paragraphs (4) and (4A)”.

Commencement Information

I2 Sch. 3 para. 2 in operation at 30.12.2005, see reg. 1

Amendment of the Occupational Pension Schemes (Winding Up) Regulations N.I.

3.—(1) The Occupational Pension Schemes (Winding Up) Regulations (Northern Ireland) 1996(6) shall be amended in accordance with sub-paragraphs (2) and (3).

(2) In regulation 12(3) (winding up of sectionalised schemes, etc.)—

(a) for “Schedule 5 to the MFR Regulations” there shall be substituted “Schedule 2 to the Occupational Pension Schemes (Scheme Funding) Regulations (Northern Ireland) 2005”, and

(b) for “Article 56” there shall be substituted “Part IV of the Pensions (Northern Ireland) Order 2005”.

(3) In regulation 13 (hybrid schemes) paragraphs (6) and (7) shall be omitted.

Commencement Information

I3 Sch. 3 para. 3 in operation at 30.12.2005, see reg. 1

Amendment of the Personal and Occupational Pension Schemes (Pensions Ombudsman) Regulations N.I.

F3 4.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F3 Sch. 3 para. 4 revoked (30.4.2013) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2013 (S.R. 2013/95), regs. 1(2), 11

Amendment of the Occupational Pension Schemes (Scheme Administration) Regulations N.I.

5.—(1) The Occupational Pension Schemes (Scheme Administration) Regulations (Northern Ireland) 1997(7) shall be amended in accordance with sub-paragraphs (2) and (3).

(2) In regulation 1(2) (interpretation) after the definition of “the 2000 Act”(8) there shall be inserted the following definition—

““the 2005 Order” means the Pensions (Northern Ireland) Order 2005;”.

F4 (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F4 Sch. 3 para. 5(3) revoked (1.4.2015) by The Public Service Pensions (Record Keeping and Miscellaneous Amendments) Regulations (Northern Ireland) 2014 (S.R. 2014/321), regs. 1, 8(b)

Commencement Information

I4 Sch. 3 para. 5 in operation at 30.12.2005, see reg. 1

Amendment of the Occupational Pension Schemes (Disclosure of Information) Regulations N.I.

F5 6.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F5 Sch. 3 para. 7 revoked (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014 (S.R. 2014/79), regs. 1(1), 32, Sch. 10

F5 7.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F5 Sch. 3 para. 7 revoked (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014 (S.R. 2014/79), regs. 1(1), 32, Sch. 10

Amendment of the Pension Sharing (Valuation) Regulations 2000 N.I.

8.—(1) The Pension Sharing (Valuation) Regulations (Northern Ireland) 2000(9) shall be amended in accordance with sub-paragraphs (2) to (4).

(2) In regulation 1(2) (interpretation) after the definition of “the 1999 Order” there shall be inserted the following definition—

““the 2005 Order” means the Pensions (Northern Ireland) Order 2005;”.

(3) In regulation 4 (occupational pension schemes: manner and calculation and verification of cash equivalents)—

(a) in paragraph (3)(b), head (iii) and the word “and” immediately preceding it, and

(b) paragraph (4),

shall be omitted.

(4) In regulation 5 (occupational pension schemes: further provisions as to calculation of cash equivalents and increases and reductions of cash equivalents)—

(a) in paragraph (3)(10) for “Article 56 (minimum funding requirement)” there shall be substituted “Part IV of the 2005 Order (scheme funding)”;

(b) in paragraph (3B) “then, subject to paragraph (3D)” shall be omitted;

(c) paragraphs (3D) to (3I), (3K) and (3L) shall be omitted;

(d) in paragraph (4)(11)—

(i) for “Schedule 5 to the Minimum Funding Requirement Regulations, Article 56” there shall be substituted “Schedule 2 to the Occupational Pension Schemes (Scheme Funding) Regulations (Northern Ireland) 2005, Part IV of the 2005 Order”, and

(ii) for “paragraphs (3), (3A) and (3G)” there shall be substituted “paragraphs (3) and (3A)”, and

(e) in paragraph (5)(12) for “paragraphs (3) and (3F)” there shall be substituted “paragraph (3)”.

Commencement Information

I5 Sch. 3 para. 8 in operation at 30.12.2005, see reg. 1

Amendment of the Pension Sharing (Implementation and Discharge of Liability) Regulations N.I.

9.—(1) The Pension Sharing (Implementation and Discharge of Liability) Regulations (Northern Ireland) 2000(13) shall be amended in accordance with sub-paragraphs (2) and (3).

(2) In regulation 1(2) (interpretation) after the definition of “the 2000 Act”(14) there shall be inserted the following definition—

““the 2005 Order” means the Pensions (Northern Ireland) Order 2005;”.

(3) In regulation 16 (adjustments to the amount of pension credit - occupational pension schemes which are underfunded on the valuation day)—

(a) in paragraph (2)(15) for “Article 56 of the 1995 Order (minimum funding requirement)” there shall be substituted “Part IV of the 2005 Order (scheme funding)”;

(b) in paragraph (2B) “then, subject to paragraph (2D)” shall be omitted;

(c) paragraphs (2D) to (2I), (2K) and (2L) shall be omitted, and

(d) in paragraph (3)(16)—

(i) for “Schedule 5 to the Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations (Northern Ireland) 1996, Article 56 of the 1995 Order (minimum funding requirement)” there shall be substituted “Schedule 2 to the Occupational Pension Schemes (Scheme Funding) Regulations (Northern Ireland) 2005, Part IV of the 2005 Order (scheme funding)”, and

(ii) for “paragraphs (2), (2A) and (2G)” there shall be substituted “paragraphs (2) and (2A)”.

Commencement Information

I6 Sch. 3 para. 9 in operation at 30.12.2005, see reg. 1

Amendment of the Pension Sharing (Pension Credit Benefit) Regulations N.I.

10.—(1) The Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland) 2000(17) shall be amended in accordance with sub-paragraphs (2) to (4).

(2) In regulation 1(2) (interpretation) after the definition of “the 2000 Act”(18) there shall be inserted the following definition—

““the 2005 Order” means the Pensions (Northern Ireland) Order 2005;”.

(3) In regulation 24 (manner of calculation and verification of cash equivalents)—

(a) in paragraph (3)(b), head (iv) and the word “and” immediately preceding it, and

(b) paragraph (4),

shall be omitted.

(4) In regulation 27 (increases and reductions of cash equivalents before a statement of entitlement has been sent to the eligible member)—

(a) in paragraph (4)(19) for “Article 56 (minimum funding requirement)” there shall be substituted “Part IV of the 2005 Order (scheme funding)”;

(b) in paragraph (4B) “then, subject to paragraph (4D)” shall be omitted;

(c) paragraphs (4D) to (4I), (4K) and (4L) shall be omitted;

(d) in paragraph (4M) for “paragraphs (4J) and (4K)” there shall be substituted “paragraph (4J)”, and

(e) in paragraph (5)(20)—

(i) for “Schedule 5 to the Minimum Funding Requirement Regulations, Article 56” there shall be substituted “Schedule 2 to the Occupational Pension Schemes (Scheme Funding) Regulations (Northern Ireland) 2005, Part IV of the 2005 Order”, and

(ii) for “paragraphs (4), (4A) and (4G)” there shall be substituted “paragraphs (4) and (4A)”.

Commencement Information

I7 Sch. 3 para. 10 in operation at 30.12.2005, see reg. 1

Amendment of the Stakeholder Pension Schemes Regulations N.I.

11.  In regulation 19 of the Stakeholder Pension Schemes Regulations (Northern Ireland) 2000(21) (requirement for trustees of a stakeholder pension scheme established under a trust) the words “except the reference to Article 56 (minimum funding requirement) in Article 35(2) and Article 35(5)(b) of that Order” shall be omitted.

Commencement Information

I8 Sch. 3 para. 11 in operation at 30.12.2005, see reg. 1

Amendment of the Occupational Pension Schemes (Republic of Ireland Schemes Exemption) Regulations N.I.

F6 12.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F6 Sch. 3 para. 12 revoked (6.4.2006) by The Occupational Pension Schemes (Republic of Ireland Schemes Exemption (Revocation) and Tax Exempt Schemes (Miscellaneous Amendments)) Regulations (Northern Ireland) 2006 (S.R. 2006/65), art. 1(3), reg. 10, Sch.

Amendment of the Occupational Pension Schemes (Administration and Audited Accounts) (Amendment) Regulations N.I.

F7 13.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F7 Sch. 3 para. 13 revoked (1.5.2015) by The Public Service Pensions (Record Keeping and Miscellaneous Amendments) Regulations (Northern Ireland) 2014 (S.R. 2014/321), regs. 1, 8(b)

(1)

S.R. 1996 No. 493; relevant amending regulations are S.R. 1997 No. 160 and S.R. 2002 No. 109

(2)

S.R. 1996 No. 619; relevant amending regulations are S.R. 1997 No. 160 and S.R. 2005 No. 171

(3)

Regulation 7(3) was amended by paragraph 11(4) of the Schedule to S.R. 1997 No. 160

(4)

Paragraphs (4) to (4L) were substituted for paragraphs (4) to (4B) by regulation 15(3) of S.R. 2005 No. 171

(5)

Paragraph (5) was amended by regulation 15(4) of S.R. 2005 No. 171

(6)

S.R. 1996 No. 621, to which there are amendments not relevant to these Regulations

(7)

S.R. 1997 No. 94; relevant amending regulations are S.R. 2000 No. 69, S.R. 2003 No. 256 and S.R. 2005 No. 421

(8)

The definition of “the 2000 Act” was inserted by regulation 11(2) of S.R. 2003 No. 256

(9)

S.R. 2000 No. 144; relevant amending regulations are S.R. 2000 No. 335 and S.R. 2005 No. 171

(10)

Paragraphs (3) to (3L) were substituted for paragraphs (3) to (3B) by regulation 16(3) of S.R. 2005 No. 171

(11)

Paragraph (4) was amended by regulation 16(4) of S.R. 2005 No. 171

(12)

Paragraph (5) was substituted by regulation 10(4) of S.R. 2000 No. 335 and amended by regulation 16(5) of S. R. 2005 No. 171

(13)

S.R. 2000 No. 145; relevant amending regulations are S.R. 2003 No. 256 and S.R. 2005 No. 171

(14)

The definition of “the 2000 Act” was inserted by regulation 15(2)(a)(i) of S.R. 2003 No. 256

(15)

Paragraphs (2) to (2L) were substituted for paragraphs (2) to (2B) by regulation 17(2) of S.R. 2005 No. 171

(16)

Paragraph (3) was amended by regulation 17(3) of S.R. 2005 No. 171

(17)

S.R. 2000 No. 146; relevant amending regulations are S.R. 2003 No. 256 and S.R. 2005 No. 171

(18)

The definition of “the 2000 Act” was inserted by regulation 16(2)(a)(i) of S.R. 2003 No. 256

(19)

Paragraphs (4) to (4M) were substituted for paragraphs (4) to (4B) by regulation 18(5) of S.R. 2005 No. 171

(20)

Paragraph (5) was amended by regulation 18(6) of S. R. 2005 No. 171

(21)

S.R. 2000 No. 262, to which there are amendments not relevant to these Regulations