PART 4 N.I.ADDITIONAL REQUIREMENTS IN RELATION TO GUARANTEED MINIMUM PENSIONS

Fixed rate revaluation of guaranteed minimum pensions secured by insurance policies or annuity contracts N.I.

14.  A scheme may make provision by virtue of section 12(2)(1) of the 1993 Act (revaluation of earnings factors for the purposes of section 10: early leavers, etc.) for those of its members whose guaranteed minimum pensions are, or are to be, appropriately secured (within the meaning of section 15(3) of the 1993 Act), even though the same provision is not made for other members of the scheme.

Commencement Information

I1 Reg. 14 in operation at 6.4.2016, see reg. 1(a)

(1)

Section 12(2) is substituted by paragraph 16 of Schedule 13 to the Pensions Act (Northern Ireland) 2015, but saved for certain purposes, see S.R. 2016 No. 106