The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations (Northern Ireland) 2010

Amendment of Schedule 1 to the 2005 Regulations N.I.

17.  In Schedule 1(1) to the 2005 Regulations (actuary’s certificate of total difference between scheme assets and liabilities and liability share debt of employer in a multi-employer scheme)—

(a) in the heading for “and Liability share debt of Employer in a Multi-Employer Scheme” substitute “[and Liability share debt of Employer in a Multi-Employer Scheme]”;

(b) in the certificate—

(i) in paragraph 1 (comparison of value of scheme assets with amount of scheme liabilities) for “assets in scheme” substitute “assets of the scheme”;

(ii) in paragraph 2 (multi-employer schemes: employer’s share of the difference on the liability share basis)—

(aa) in the heading for “2” substitute “[2”;

(bb) for “was [£z].” substitute “was [£z].][delete as appropriate]”;

(c) in the Notes—

(i) omit the third paragraph;

(ii) in the fifth paragraph for “updated actuarial assessment” substitute “updated liabilities assessment”;

(iii) after the last paragraph insert—

“The total amount of the employer’s debt will be the amount stated in paragraph 2 of the certificate plus any cessation expenses (as defined in regulation 2(1) of the Employer Debt Regulations). See regulation 6(1)(e)(ii) of the Employer Debt Regulations.”.

Commencement Information

I1 Reg. 17 in operation at 6.4.2010, see reg. 1(1)

(1)

Schedule 1 was substituted by regulation 13 of S.R. 2008 No. 132