Transfer ValuesN.I.
10.—(1) Chapter 4 of Part 4 of the 1993 Act 1993 (protection for early leavers: transfer values) is modified as follows.
(2) In the application of that Chapter to P as a member of the old scheme, in—
(a)section 89(1)(a)(1) (scope of chapter 4),
(b)section 93(3)(a) (calculation of cash equivalents), and
(c)section 94(1A) and (3)(2) (variation and loss of rights under section 90),
a reference to termination of P’s pensionable service is to be taken as a reference to termination of P’s pensionable service in relation to the new scheme.
Commencement Information
I1Reg. 10 in operation at 1.4.2015, see reg. 1
Section 89(1)(a) was substituted by Article 148 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)).
Section 94(1A) was inserted by, and section 94(3) amended by, Article 165 of, and paragraph 7 of Schedule 4 to, the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))