SCHEDULES

SCHEDULE 2OTHER AMENDMENTS TO DO WITH PARTS 1 AND 2

Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13)

46

(1)

Section 78 (interpretation) is amended as follows.

(2)

For the definition of “defined benefits scheme” substitute—

““defined benefits scheme” has the meaning given by section 2 of the Pension Schemes Act (Northern Ireland) 2016;”.

(3)

At the appropriate places insert—

““collective benefit” has the meaning given by section 8 of the Pension Schemes Act (Northern Ireland) 2016;”;

““defined contributions scheme” has the meaning given by section 4 of the Pension Schemes Act (Northern Ireland) 2016;”;

““occupational”, in relation to a defined benefits scheme, shared risk scheme or defined contributions scheme, means an occupational pension scheme of that description;”;

““shared risk scheme” has the meaning given by section 3 of the Pension Schemes Act (Northern Ireland) 2016;”.

(4)

Omit the following definitions—

  • “defined benefits”;

  • “hybrid scheme”;

  • “money purchase scheme”.