SCHEDULES
SCHEDULE 13ABOLOTION OF CONTRACTING-OUT FOR SALARY RELATED SCHEMES
PART 1PENSION SCHEMES (NORTHERN IRELAND) ACT 1993: AMENDMENTS
I17
1
Section 4 (meaning of “contracted-out employment”, “guaranteed minimum pension” and “minimum payment”) is amended as follows.
2
For subsection (1) substitute—
1
In relation to any period before the second abolition date, the employment of an earner in employed earner's employment was “contracted-out employment” in relation to the earner during that period if—
a
the earner was under pensionable age;
b
the earner's service in the employment was service which qualified the earner for a pension provided by a salary related contracted-out scheme; and
c
there was in force a contracting-out certificate issued in accordance with this Chapter (as it then had effect) stating that the employment was contracted-out employment by reference to the scheme.
3
After subsection (1A) insert—
1B
In the following provisions of this Act “earner”, in relation to a scheme, means a person who was an earner in contracted-out employment by reference to the scheme.
4
In subsection (2), in the definition of “guaranteed minimum pension”, for “by an occupational pension scheme” substitute “
, by a scheme that was a salary related contracted-out scheme,
”
.
5
For subsection (4) substitute—
4
A contracting-out certificate that was in force in respect of an employed earner's employment is to be taken as conclusive that the employment was, at that time, contracted-out employment.