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Pensions (No. 2) Act (Northern Ireland) 2008, Section 78 is up to date with all changes known to be in force on or before 11 September 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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78 In this Part—
“active member”—
in relation to an occupational pension scheme, means a person who is in pensionable service under the scheme;
in relation to a personal pension scheme, means a jobholder in relation to whom there is an agreement within section 26(4) between the provider of the scheme and the employer or (where section 9 applies) a worker in relation to whom there are direct payment arrangements (within the meaning of section 107A of the Pension Schemes Act) between the worker and the employer;
“automatic enrolment scheme” is to be read in accordance with section 3(8);
“average salary benefits” means benefits the rate or amount of which is calculated by reference to the average salary of a member over the period of service on which the benefits are based;
[F1“collective money purchase benefit” has the meaning given by section 52 of the Pension Schemes Act 2021;]
“contract of employment” has the meaning given by section 70;
“defined benefits”, in relation to a member of an occupational pension scheme, means benefits which are not money purchase benefits (but the rate or amount of which is calculated by reference to earnings or service of the member or any other factor other than an amount available for their provision);
“defined benefits scheme” means an occupational pension scheme under which all the benefits that may be provided are defined benefits;
“employer” and “employment” have the meaning given by section 70;
“enrolment duty” means a duty under section 3(2), 5(2), 7(3) or 9(2);
“hybrid scheme” means an occupational pension scheme which is neither a defined benefits scheme nor a money purchase scheme;
F2...
“jobholder” has the meaning given by section 1(1);
“money purchase benefits”, in relation to a member of a pension scheme, [F3means—
“money purchase scheme” means an occupational pension scheme under which all the benefits that may be provided are money purchase benefits;
“occupational pension scheme” has the meaning given by section 18;
“pension scheme” has the meaning given by section 1(5) of the Pension Schemes Act;
“pensionable age” has the meaning given by the rules in paragraph 1 of Schedule 2 to the 1995 Order;
“pensionable service”, in relation to a member of an occupational pension scheme, means service in any description of employment to which the scheme relates which qualifies the member (on the assumption that it continues for the appropriate period) for pension or other benefits under the scheme;
“personal pension scheme” has the meaning given by section 19;
“provider”—
in relation to a personal pension scheme to which section 26 applies, means the person referred to in subsection (1)(b) of that section;
in relation to any other personal pension scheme, has the meaning prescribed;
“qualifying earnings” has the meaning given by section 13;
“qualifying scheme” is to be read in accordance with section 2(5);
“tax year” means the 12 months beginning with 6th April in any year;
“trustee or manager” is to be construed in accordance with section 173 of the Pension Schemes Act (trustees or managers of schemes);
“worker” has the meaning given by section 70.
Textual Amendments
F1Words in s. 78 inserted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in operation) by Pension Schemes Act 2021 (c. 1), s. 131(1)(3)(a), Sch. 4 para. 6(2); S.R. 2022/197, art. 3(a)
F2Words in s. 78 omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (Northern Ireland) (EU Exit) Regulations 2019 (S.I. 2019/193), regs. 1, 6(3); 2020 c. 1, Sch. 5 para. 1(1)
F3Words in s. 78 substituted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in operation) by Pension Schemes Act 2021 (c. 1), s. 131(1)(3)(a), Sch. 4 para. 6(3)(a); S.R. 2022/197, art. 3(a)
F4Words in s. 78 substituted (retrospectively) by Pensions Act (Northern Ireland) 2012 (c. 3), ss. 27(3)(6), 34(3); S.R. 2014/203, art. 2
F5Words in s. 78 inserted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in operation) by Pension Schemes Act 2021 (c. 1), s. 131(1)(3)(a), Sch. 4 para. 6(3)(b); S.R. 2022/197, art. 3(a)
Commencement Information
I1S. 78 wholly in operation at 5.7.2010; s. 78 in operation for certain purposes at Royal Assent see s. 118(2); s. 78 in operation at 5.7.2010 in so far as not already in operation by S.R. 2010/50, art. 2(2)
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