The Pension Sharing (Contracting-out) (Consequential Amendments) Regulations (Northern Ireland) 2000

Amendment of the Occupational Pension Schemes (Mixed Benefit Contracted-out Schemes) Regulations

3.  In regulation 4 of the Occupational Pension Schemes (Mixed Benefit Contracted-out Schemes) Regulations (Northern Ireland) 1997(1) (transfer of guaranteed minimum pensions, section 5(2B) rights and protected rights between parts of a relevant scheme)—

(a) in paragraph (1) after sub-paragraph (b) there shall be added the following sub-paragraph—

“(c) Part III of the Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland) 2000(2).”;

(b) in paragraph (2)—

(i) after “or accrued section 5(2B) rights” there shall be inserted “or the safeguarded rights of a relevant transferee”,

(ii) in sub-paragraph (b) after “earner” there shall be inserted “or, as the case may be, the relevant transferee”, and

(iii) in sub-paragraph (c) for “or section 5(2B) rights” there shall be substituted “, section 5(2B) rights or, as the case may be, safeguarded rights”, and

(c) after paragraph (2) there shall be added the following paragraph—

“(3) In paragraph (2)—

“relevant transferee” means any person for whose benefit an order or provision is made by virtue of which Article 26 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (creation of pension debits and credits) applies, where that order or provision relates to the rights of a person who is a member of the scheme, and

“safeguarded rights” has the same meaning as in section 64A.”.

(1)

S.R. 1997 No. 95

(2)

S.R. 2000 No.146, amended by S.R. 2000 No. 335