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Pensions Act (Northern Ireland) 2012

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Status:

Point in time view as at 07/06/2012. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Pensions Act (Northern Ireland) 2012, Paragraph 35. Help about Changes to Legislation

Valid from 27/03/2013

This section has no associated Explanatory Notes

35—(1) Paragraph 17 (annual increase in periodic compensation) is amended as follows.N.I.

(2) In sub-paragraph (4) in the definition of “the underlying rate”—

(a)omit “and” at the end of paragraph (a), and

(b)after that paragraph insert—

(aa)so much of any actuarial increase under paragraph 16A as relates to the amount in paragraph (a), and.

(3) In sub-paragraph (7)—

(a)after “references in” insert “ paragraph (a) of ”, and

(b)at the end insert “ (and paragraph (aa) of the definition applies accordingly). ”.

(4) After sub-paragraph (7) insert—

(7A) Where the commencement of periodic compensation has been postponed by virtue of paragraph 16A, this paragraph applies as if the transferee first becomes entitled to the periodic compensation on the day on which the periodic compensation commences..

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