http://www.legislation.gov.uk/nisr/1996/618/regulation/9/madeThe Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996Occupational pensionsPersonal pensionsPensionsInsuranceTermination of employmentGovernment Printer for Northern Ireland2016-09-06PENSIONSThese Regulations replace the Contracting-out (Transfer) Regulations (Northern Ireland) 1985 (“the 1985 Regulations”) which are, subject to transitional provisions, now revoked. The Regulations supplement changes introduced by the Pensions (Northern Ireland) Order 1995 (“the Order”) to Part III of the Pension Schemes (Northern Ireland) Act 1993 (“the 1993 Act”). They also consolidate and amend those provisions of the 1985 Regulations which remain relevant. In addition to minor and drafting amendments, the Regulations make the following changes of substance—they provide for treating separately rights to guaranteed minimum pensions and rights earned in respect of any period from 6th April 1997 and make provision for the transfer of liability for the latter rights;they set out revised conditions for the making of a transfer payment to an overseas scheme, andthey no longer require the Occupational Pensions Board, which is being dissolved, to approve transfers.Part IIITransfers of Liability in Respect of Section 5(2B) RightsConnected employer transfer payments9.

A connected employer transfer payment may be made to a salary related contracted-out scheme subject to—

(a)

the condition set out in regulation 8(c), and

(b)

the condition set out in regulation 12(3) of the Occupational Pension Schemes (Preservation of Benefit) Regulations (Northern Ireland) 1991

S.R. 1991 No. 37; relevant amending regulations are S.R. 1993 No. 324

(requirement for actuarial certificate).

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<dc:title>The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996</dc:title>
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the condition set out in regulation 12(3) of the Occupational Pension Schemes (Preservation of Benefit) Regulations (Northern Ireland) 1991
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