Pensions (No. 2) Act (Northern Ireland) 2008 Explanatory Notes

Chapter 2 – other provision about pension compensation
Section 99: Charges in respect of pension sharing etc.

This section inserts a new Article 152A into the Pensions (Northern Ireland) Order 2005 to give the Department the power to make provision through regulations for the purpose of enabling the Board of the Pension Protection Fund to recover charges, including allowing the Board to offset charges against Pension Protection Fund compensation.

Section 100: Amendments of Schedule 6 to the Pensions (Northern Ireland) Order 2005

This section gives effect to Schedule 6 which amends Schedule 6 to the Pensions (Northern Ireland) Order 2005 (pension compensation provisions).

Section 101: Consequential amendments

This section makes amendments to the Pensions (Northern Ireland) Order 2005 consequential on the creation of pension compensation sharing.

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