C2C3 PART VPENSION SHARING

Annotations:
Modifications etc. (not altering text)
C3

Pt. V (arts. 24-48) power to modify conferred (15.12.2008) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), ss. 115(2)(c), 118(2)(g)

C1CHAPTER ISHARING OF RIGHTS UNDER PENSION ARRANGEMENTS

Annotations:
Modifications etc. (not altering text)

Adaptation of statutory schemes

Extension of scheme-making powers39

1

Power under any statutory provision to establish a pension scheme shall include power to make provision for the provision, by reference to pension credits which derive from rights under—

a

the scheme, or

b

a scheme in relation to which the scheme is specified as an alternative for the purposes of paragraph 2 of Schedule 5,

of benefits to or in respect of those entitled to the credits.

2

Paragraph (1) is without prejudice to any other power.

3

Paragraph (1) shall apply in relation to statutory provisions whenever passed or made.

4

No obligation to consult shall apply in relation to the making, in exercise of a power under any statutory provision to establish a pension scheme, of provision of a kind authorised by paragraph (1).

5

Any statutory provision which makes benefits under a pension scheme established under a statutory provision a charge on, or payable out of—

a

the Consolidated Fund; or

b

the Consolidated Fund of the United Kingdom,

shall be treated as including any benefits under the scheme which are attributable (directly or indirectly) to a pension credit which derives from rights to benefits charged on, or payable out of, that fund.

6

In this Article—

  • “pension credit” includes a credit under section 29(1)(b) of the Welfare Reform Act;

  • “pension scheme” means a scheme or arrangement providing benefits, in the form of pensions or otherwise, payable on termination of service, or on death or retirement, to or in respect of persons to whom the scheme or arrangement applies.

Power to extend judicial pension schemes40

1

The appropriate authority may by regulations amend any statutory provision to which paragraph (2) applies for the purpose of—

a

extending a pension scheme under that statutory provision to include the provision, by reference to pension credits which derive from rights under—

i

the scheme, or

ii

a scheme in relation to which the scheme is specified as an alternative for the purpose of paragraph 2 of Schedule 5,

of benefits to or in respect of those entitled to the credits, or

b

restricting the power of the appropriate authority to accept payments into a pension scheme under that statutory provision, where the payments represent the cash equivalent of rights under another pension scheme which are attributable (directly or indirectly to a pension credit).

2

For the purposes of this Article, this paragraph applies to the pension schemes under the following statutory provisions, namely—

a

the [1951 c. 20 (N.I.).] Judicial Pensions Act (Northern Ireland) 1951;

b

the [1959 c. 25 (N.I.).] County Courts Act (Northern Ireland) 1959;

c

the [1960 c. 2 (N.I.).] Resident Magistrates' Pensions Act (Northern Ireland) 1960;

d

the [1964 c. 29 (N.I.).] Lands Tribunal and Compensation Act (Northern Ireland) 1964;

e

the [1969 c. 7 (N.I.).] Superannuation (Miscellaneous Provisions) Act (Northern Ireland) 1969;

f

the [1975 c. 15.] Social Security (Northern Ireland) Act 1975;F1. . .

g

the [1978 c. 23.] Judicature (Northern Ireland) Act 1978.

F1h

the Judicial Pensions Act 1981 (c. 20); and

i

the Judicial Pensions and Retirement Act 1993 (c. 8).

3

Regulations under paragraph (1)—

a

may make benefits provided by virtue of sub-paragraph (a) of that paragraph a charge on, and payable out of, the Consolidated Fund in the case of pension schemes to which paragraphF1 (2)(d) or (e) applies or the Consolidated Fund of the United Kingdom in the case of pension schemes to which paragraphF1 (2)(a), (b), (c), (f), (g), (h) or (i) applies;

b

may confer power to make subordinate legislation, including subordinate legislation which provides for calculation of the value of rights in accordance with guidance from time to time prepared by a person specified in the subordinate legislation.

4

The appropriate authority for the purposes of paragraph (1) is—

a

in relation to a pension scheme referred to in paragraphF1 (2)(a), (b), (c), (f), (g), (h) or (i), the Lord Chancellor;

b

in relation to a pension scheme referred to in paragraph (2)(d), the Department of Finance and Personnel;

c

in relation to a pension scheme referred to in paragraph (2)(e), the Department of Economic Development.

5

In this Article—

  • “pension credit” includes a credit under section 29(1)(b) of the Welfare Reform Act;

  • “pension scheme” means a scheme or arrangement providing benefits in the form of pensions or otherwise, payable on termination of service, or on death or retirement, to or in respect of persons to whom the scheme or arrangement applies.