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Pensions (No. 2) Act (Northern Ireland) 2008
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Changes over time for: Section 21
Version Superseded: 30/06/2012
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- 15/12/2008- Amendment
- 01/04/2009
Point in time - 30/06/2012- Amendment
- 01/07/2012- Amendment
- 06/04/2016- Amendment
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Pensions (No. 2) Act (Northern Ireland) 2008, Section 21 is up to date with all changes known to be in force on or before 03 December 2024. 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.
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Quality requirement: UK defined benefits schemesN.I.
This section has no associated Explanatory Notes
21—(1) Subject to subsection (3), a defined benefits scheme that has its main administration in the United Kingdom satisfies the quality requirement in relation to a jobholder if the jobholder is in contracted-out employment.
(2) A defined benefits scheme that has its main administration in the United Kingdom satisfies the quality requirement in relation to a jobholder who is not in contracted-out employment if it satisfies the test scheme standard in relation to that jobholder.
(3) The Department may by order provide that a scheme does not satisfy the quality requirement in relation to a jobholder who is in contracted-out employment unless it satisfies the test scheme standard in relation to that jobholder, with the substitution of a higher fraction, not exceeding 1/80th, for the fraction of 1/120th in section 23(4)(a).
(4) In relation to any scheme, a jobholder is in contracted-out employment for the purposes of this section and section 22 if a certificate has been issued in respect of the jobholder under section 3(1) of the Pension Schemes Act stating that the employment of the jobholder is contracted-out employment by reference to the scheme.
Modifications etc. (not altering text)
C1S. 21 modified (1.10.2012) by Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations (Northern Ireland) 2010 (S.R. 2010/122), reg. 45(4)
Commencement Information
I1S. 21 partly in force; s. 21 in force for certain purposes at Royal Assent see s. 118(2)
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