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PART 3N.I.Modification of early leaver and other provisions

Transfer valuesN.I.

10.—(1) Chapter 4 of Part 4 of the 1993 Act (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 under the new scheme.

Commencement Information

I1Reg. 10 in operation at 1.4.2015, see reg. 1(1)

(1)

Section 89(1)(a) was substituted by Art. 148(2) of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))

(2)

Section 94(1A) was added by Art.165 of, and Sch. 4 para.7(b) to the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))