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Pension Schemes Act (Northern Ireland) 2016

Pension Schemes Act (Northern Ireland) 2016

2016 CHAPTER 1

Commentary on Sections

Part 2 – Collective Benefits

Section 10: Policy about factors used to determine each benefitSection 11: Power to impose requirements about factors used to determine each benefit

Section 10 provides that regulations may require trustees or managers to have a policy on the factors used to calculate members’ benefits and to implement that policy.  Section 11 allows the Department to prescribe requirements about the factors to be used.

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Text created by the Northern Ireland Assembly department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the Northern Ireland Assembly.

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