http://www.legislation.gov.uk/nisr/2006/149/contents/made

The Occupational Pension Schemes (Modification of Schemes) Regulations (Northern Ireland) 2006

Pensions

Occupational pensions

Civil partnership

Benefits

Government Printer for Northern Ireland

2017-10-24

PENSIONS

These Regulations prescribe certain requirements which must be met where an occupational pension scheme is modified using a power conferred on any person by a scheme and where the subsisting rights provisions apply. The subsisting rights provisions are contained in Articles 67 to 67I of the Pensions (Northern Ireland) Order 1995 (“the 1995 Order”) and require that modifications to which they apply must either comply with the consent requirements or the actuarial equivalence requirements, as well as, the trustee approval and reporting requirements. These Regulations also enable trustees, in prescribed circumstances, to modify a trust scheme by way of a resolution.