The Health and Social Care Pension Scheme Regulations (Northern Ireland) 2015

Guarantees, bonds and indemnities

151.—(1) This regulation applies if—

(a) an employing authority fails or has at any time in the past failed, to pay or to remit contributions in accordance with regulation 30 to 34, 56 or 61; and

(b) the employing authority is—

(i) a GMS practice,

(ii) an APMS contractor, or

(iii) an OOH provider.

(2) The scheme manager may require the employing authority to have in force a guarantee, indemnity or bond which provides for payment to the scheme manager, if that authority fails to meet them, of all future liabilities under—

(a) this scheme, or

(b) the Health and Personal Social Services (Superannuation) (Additional Voluntary Contributions) Regulations (Northern Ireland) 1999(1).

(3) The guarantee, indemnity or bond must be in such form, in respect of such amount and provided by such person as the Department approves for the purpose.

(1)

S.R. 1999 No.294 as amended by S.R. 2002 No.129; S.R. 2004 No.104; S.R. 2005 Nos.154 and 533; S.R. 2006 No.410; S.R. 2008 Nos.130and 350; S.R. 2010 Nos.22 and 286; S.R. 2012 No.42 and S.R. 2013 No.259 and S.R. 2015 No.121