SCHEDULES
F4SCHEDULE 1EARLY LEAVERS: REVALUATION OF ACCRUED BENEFITS
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SCHEDULE 2OTHER AMENDMENTS TO DO WITH PARTS 1 AND 2
Pension Schemes (Northern Ireland) Act 1993 (c. 49)
F11
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2
In section 79 (scope of provisions about revaluation of benefits excluding guaranteed minimum pensions), in subsection (4), for paragraph (a) (but not the “and” at the end) substitute—
a
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3
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4
In section 120 (duty of the Department for Employment and Learning to pay unpaid contributions to schemes), for subsection (3A) substitute—
3A
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5
1
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2
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3
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Pensions (Northern Ireland) Order 1995 (NI 22)
6
The 1995 Order is amended as follows.
7
In Article 37 (payment of surplus to employer) in paragraph (1A)—
a
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b
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8
In Article 38 (power to defer winding up), in paragraph (3), for sub-paragraph (a) (but not the “or” at the end) substitute—
a
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9
In Article 51 (annual increase in rate of pension), in paragraph (1)(a)(iii), for “is not a money purchase scheme” substitute “
is not a defined contributions scheme
”
.
10
In Article 51A (restrictions on increase where annuity tied to investments), in paragraph (1), for “money purchase scheme” substitute “
defined contributions scheme
”
.
11
In Article 73 (preferential liabilities on winding up), for paragraph (2) substitute—
2
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2A
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12
In Article 75 (employer debt where deficiency in assets on winding up etc), for paragraph (1) substitute—
1
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1A
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1B
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13
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2
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3
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4
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14
For the italic cross-heading above Article 85 substitute “
Schemes providing money purchase benefits
”
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15
In the heading to Article 86 (schedules of payments to money purchase schemes: supplementary), for “to money purchase schemes” substitute “
in respect of money purchase benefits under certain schemes
”
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16
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3
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17
In Article 121 (interpretation), in paragraph (1), at the appropriate places insert—
“collective benefit” has the meaning given by section 8 of the Pension Schemes Act (Northern Ireland) 2016;
“defined benefits scheme” has the meaning given by section 2 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;
18
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3
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Welfare Reform and Pensions (Northern Ireland) Order 1999 (NI 11)
F119
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Pensions (Northern Ireland) Order 2005 (NI 1)
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The 2005 Order is amended as follows.
21
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22
In Article 9 (improvement notices), in paragraph (7)—
a
omit the “, or” at the end of sub-paragraph (e);
b
after sub-paragraph (f) insert
, or
g
the Pension Schemes Act (Northern Ireland) 2016.
F223
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24
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5
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25
In Article 34 (contribution notices where avoidance of employer debt), for paragraph (1) substitute—
1
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1A
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1B
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26
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3
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F227
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28
1
Article 85 (codes of practice) is amended as follows.
2
In paragraph (2)(i), for “money purchase schemes” substitute “
certain schemes
”
.
3
In paragraph (6), in the definition of “the pensions legislation”—
a
omit the “or” at the end of paragraph (c);
b
after paragraph (d) insert—
e
Schedule 18 to the Pensions Act (Northern Ireland) 2015, or
f
the Pension Schemes Act (Northern Ireland) 2016.
29
In Article 110 (schemes eligible for pension protection), for paragraph (1) substitute—
1
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1A
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1B
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30
For Article 200 (application of scheme funding rules in Part 4), substitute—
Pension schemes to which this Part applies
200
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2
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31
In Article 231 (representative of non-European scheme to be treated as trustee), in paragraph (3)—
a
omit the “or” at the end of sub-paragraph (c);
b
after sub-paragraph (d) insert
, or
e
the Pension Schemes Act (Northern Ireland) 2016.
32
In Article 235 (pension protection on transfer of employment: form of protection), in paragraph (2)—
a
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b
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33
In Article 267 (duty of trustees or managers to act consistently with law of host EEA state), in paragraph (4)—
a
omit the “or” at the end of sub-paragraph (c);
b
after sub-paragraph (d) insert
, or
e
the Pension Schemes Act (Northern Ireland) 2016.
F334
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Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13)
35
The Pensions (No2) Act (Northern Ireland) 2008 is amended as follows.
36
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3
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37
In section 21 (quality requirement: UK defined benefits schemes) for “A defined benefits scheme” substitute “
An occupational defined benefits scheme
”
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38
In section 23A (alternative quality requirements for UK defined benefits schemes), in subsection (1), for “a defined benefits scheme” substitute “
an occupational defined benefits scheme
”
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40
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4
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42
For the heading to section 29 substitute “
Transitional periods for certain schemes
”
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43
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9
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10
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44
In section 35 (compliance notices), in subsection (5), for “a defined benefits scheme or a hybrid scheme” substitute “
an occupational defined benefits scheme or a shared risk scheme
”
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45
In section 38 (calculation and payment of contributions), in subsection (2)(e), for “a money purchase scheme, a hybrid scheme or a personal pension scheme” substitute “
a defined contributions scheme or a shared risk scheme
”
.
46
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4
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Pensions Act (Northern Ireland) 2015 (c. 5)
F347
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Sch. 1 omitted (1.8.2022) by virtue of Pension Schemes Act 2021 (c. 1), s. 131(2)(d)(3)(c), Sch. 11 para. 16(d); S.R. 2022/197, art. 3(f)