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The Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations (Northern Ireland) 2010
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- Northern Ireland Statutory Rules
- 2010 No. 122
- PART 11
- Regulation 37
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There are currently no known outstanding effects for the The Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations (Northern Ireland) 2010, Section 37.
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Test scheme: requirements to revalue accrued benefits and increase pensions in paymentN.I.
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37.—(1) Paragraph (2) applies for the purposes of [F1section 23(1)(c)] (test scheme).
(2) The following must be satisfied in relation to a test scheme—
(a)the requirements of [F2section 80] of the 1993 Act (basis of revaluation), and
(b)the requirements of Article 51 of the 1995 Order(1) (annual increase in rate of pension) [F3in relation to a scheme which provides for a member to be entitled to a pension commencing at the appropriate age and continuing for life].
[F4(3) For the purposes of paragraph (2)(a)—
(a)a test scheme which falls within section 23(2)(a) and a test scheme which falls within regulation 39A(2) must satisfy the requirements of section 80 of the 1993 Act by reference to the final salary method, and
(b)a test scheme to which regulation 39A(3) applies must satisfy the requirements of section 80 of the 1993 Act by reference to the average salary method or the final salary method.]
Textual Amendments
F1Words in reg. 37(1) substituted (1.7.2012) by The Automatic Enrolment (Miscellaneous Amendments) Regulations (Northern Ireland) 2012 (S.R. 2012/232), regs. 1(1)(c), 2(16)(a)
F2Words in reg. 37(2)(a) substituted (1.11.2013) by The Automatic Enrolment (Miscellaneous Amendments) Regulations (Northern Ireland) 2013 (S.R. 2013/243), regs. 1(1)(a), 4(7)(a)
F3Words in reg. 37(2)(b) added (1.7.2012) by The Automatic Enrolment (Miscellaneous Amendments) Regulations (Northern Ireland) 2012 (S.R. 2012/232), regs. 1(1)(c), 2(16)(b)
F4Reg. 37(3) substituted (1.11.2013) by The Automatic Enrolment (Miscellaneous Amendments) Regulations (Northern Ireland) 2013 (S.R. 2013/243), regs. 1(1)(a), 4(7)(b)
Commencement Information
(1)
Article 51 was amended by paragraph 40 of Schedule 9 to the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)), section 47(1) of the Child Support, Pensions and Social Security Act (Northern Ireland) 2000 (c. 4 (N.I.)), Article 255 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) and Article 11 of S.I. 2006/745
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