Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009 No. 33

[F1 PART 10 N.I. PENSION SHARING

Textual Amendments

F1 Regulations revoked (except reg. 4 for specified purposes, reg. 6 for specified purposes and reg. 11) (1.4.2015) by The Local Government Pension Scheme (Amendment and Transitional Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/189), regs. 1(1), 2(1), Sch. 2 (with regs. 3, 13, 14(1)(d), Sch. 5)

Modifications etc. (not altering text)

C1 Pt. 10 applied (1.4.2009) by Local Government Pension Scheme (Amendment and Transitional Provisions) Regulations (Northern Ireland) 2009 (S.R. 2009/34), regs. 1(1), 13

SHARING OF RIGHTS UNDER THE SCHEME N.I.

Safeguarded rights N.I.

87.— (1) A pension credit member’s safeguarded rights for the purposes of the Scheme and of the 1993 Act and regulations made under that Act are such of his rights falling with section 64A(1) of that Act(1) as represent the safeguarded percentage of the rights acquired by him in the Scheme by virtue of the pension credit.

(2) The “safeguarded percentage” is the percentage of the shareable rights by reference to which the amount of the pension credit is determined which are contracted-out rights.

(3) “Contracted-out rights” has the meaning given in section 64A(5) of the 1993 Act.]

Commencement Information

I1 Reg. 87 in operation at 1.4.2009, see reg. 1

(1)

1993 c. 49; section 64A was inserted by Article 34 of the Welfare Reform and Pensions (Northern Ireland) Order 1999.