Interpretation2

1

The following expressions have the meanings hereby assigned to them—

  • “the Act” means the Financial Services Act 19863;

  • “member” means a member of the Royal Ulster Constabulary and includes a member who is suspended under the discipline regulations;

  • “personal pension scheme” has the meaning given by section 1 of the Pension Schemes (Northern Ireland) Act 19934;

  • “police pension rights” means pension rights under the regulations relating to Royal Ulster Constabulary pensions for the time being in force.

2

For the purposes of these regulations, an individual shall be taken to have opted or transferred out if—

a

for any period during which he is a member, he does not make contributions in respect of police pension rights but instead makes contributions to a personal pension scheme; or

b

a transfer value is paid in respect of the individual by the Police Authority to a personal pension scheme.