Guaranteed minimum pensionN.I.
168.—(1) If a member has a guaranteed minimum in relation to benefits under this scheme—
(a)nothing in these Regulations permits or requires anything that would cause requirements made by or under the Pension Schemes Act in relation to such a member and such a member's rights under this scheme not to be met in the case of the member;
(b)nothing in these Regulations prevents anything from being done which is necessary or expedient for the purposes of meeting such requirements in the case of the member; and
(c)the following provisions are subject to the generality of this paragraph.
(2) If apart from this regulation—
(a)no pension would be payable to the member under this scheme; or
(b)the weekly rate of the pensions payable would be less than the guaranteed minimum,
a pension at a weekly rate equal to the guaranteed minimum is payable to the member for life from the date on which the member reaches GMP age or, as the case may be, pensions the aggregate weekly rate of which is equal to the guaranteed minimum are so payable.
(3) Subject to paragraph (4) if—
(a)on reaching GMP age the member is still in employment (whether or not it is scheme employment); and
(b)if it is not scheme employment the member consents to a postponement of the member's entitlement under paragraph (2),
paragraph (2) does not apply until the member leaves employment.
(4) If the member continues in employment for a further five years after reaching GMP age and does not then leave employment, the member is entitled from the end of that period to so much of the member's pension under Part 5 (retirement benefits) and Part 7 (benefits for pension credit members) as equals the member's guaranteed minimum (or, as the case may be, to so much of the member's pensions under Part 5 and Part 7 as together have a weekly rate equal to the member's guaranteed minimum), unless the member consents to a further postponement of the entitlement.
(5) In the circumstances provided for in paragraph (3) or (4), the amount of the guaranteed minimum to which the member is entitled under this regulation is increased in accordance with section 11 (increase of guaranteed minimum where commencement of guaranteed minimum pension postponed) of the Pension Schemes Act.
(6) If—
(a)before reaching the age of 65 the member becomes entitled to the immediate payment of a pension; and
(b)the member has a guaranteed minimum in relation to the whole or part of a pension as a result of receipt by this scheme of a transfer payment from another pension scheme in respect of which the member had such a guaranteed minimum,
the weekly rate of the pension, so far as attributable to that service, must not be less than the guaranteed minimum, multiplied by such factor as is indicated in tables included in actuarial guidance for a person of the member's age and sex at the date on which the pension becomes payable.
(7) This paragraph applies if a person has ceased to be in employment that is contracted-out employment, within the meaning of Part 3 of the Pension Schemes Act (certification of pension schemes and effects on member's state scheme rights and duties), by reference to this scheme and either—
(a)a transfer payment in respect of all the person's rights to benefits under this scheme, except for the person's rights in respect of the person's guaranteed minimum or rights under section 5(2B)(requirements for certification of schemes; general) of the Pension Schemes Act M1 (“the person's contracting-out rights”) has been made; or
(b)the person has no rights to benefits under this scheme apart from the person's contracting-out rights.
(8) If paragraph (7) applies—
(a)from the date on which the person reaches GMP age the person is entitled to a pension payable for life at a weekly rate equal to the person's guaranteed minimum, if any; and
(b)from the date on which the person reaches normal pension age under this scheme the person is entitled to a lump sum and pension in respect of that person's rights under section 5(2B) of the Pension Schemes Act,
but a person falling within paragraph (7) is not to be regarded as a pensioner member for the purposes of Part 6 (death benefits).
(9) Paragraphs (2) to (8) do not apply to a pension—
(a)that is forfeited—
(i)as a result of a conviction for treason, or
(ii)in a case where the relevant offence under regulation 173 (forfeiture: offences committed by members, surviving partners or eligible children) falls under paragraph (b) of the definition in that regulation of “relevant offence” F1...;
(b)where that pension is commuted under regulation 169 (commutation of small pensions) and where the conditions in regulation 60 of the Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996 M2 are met,
and if any other provision of this scheme is inconsistent with this regulation, this regulation prevails.
(10) In this regulation, references to the amount of a pension are to its amount after the subtraction of the commutation amount, if any (but before the subtraction of the allocation amount, if any).
Textual Amendments
F1Words in reg. 168(9)(a)(ii) omitted (20.12.2023) by virtue of The National Security Act 2023 (Consequential Amendments of Subordinate Legislation) Regulations 2023 (S.I. 2023/1267), reg. 1(2), Sch. para. 41(3)
Marginal Citations
M1Subsection (2B was inserted by the Pensions (Northern Ireland) Order 1995 (S.I. 1995/ 3213 (NI 22)), section 133(3) and amended by the Social Security Contributions (Transfer of Functions, etc) (Northern Ireland) Order 1999 (S.I. 1999/671), Schedule 1 paragraph 38.
M2SR 1996 No 493. Regulation 60 was amended by SR 2006 No 223, SR 2009 No 365 and SR 2010 No 108.