Search Legislation

Pensions Act (Northern Ireland) 2012

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 37

 Help about opening options

Alternative versions:

Status:

Point in time view as at 07/06/2012.

Changes to legislation:

There are currently no known outstanding effects for the Pensions Act (Northern Ireland) 2012, Paragraph 37. Help about Changes to Legislation

This section has no associated Explanatory Notes

37—(1) Schedule 6 to the Pensions (Northern Ireland) Order 2005 (pension compensation provisions) is amended as follows.N.I.

(2) In paragraph 3(6) (pensions in payment at assessment date) for “35(3)” substitute “ 35(3A) ”.

(3) In paragraph 5(5) (pensions postponed at assessment date) for “35(3)”substitute “ 35(3A) ”.

(4) In paragraph 35 (admissible rules, recent discretionary increases etc.)—

(a)for sub-paragraph (3) substitute—

(3) This sub-paragraph applies to a scheme if, in calculating the protected liabilities in relation to the scheme at the relevant time, the effect of taking into account any recent rule changes is that those liabilities are greater than they otherwise would be.

(3A) This sub-paragraph applies to a scheme if, in calculating the protected liabilities in relation to the scheme at the relevant time, the effect of taking into account any recent discretionary increases is that those liabilities are greater than they otherwise would be., and

(b)in sub-paragraph (4) for “sub-paragraph (3)” substitute “ sub-paragraphs (3) and (3A) ”.

Commencement Information

I1Sch. 4 para. 37 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(k)(v)

Back to top

Options/Help