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The Pensions (2015 Act) (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order (Northern Ireland) 2016
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Amendment of the Occupational Pension Schemes (Winding Up) Regulations
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8.—(1) The Occupational Pension Schemes (Winding Up) Regulations (Northern Ireland) 1996(1) are amended in accordance with paragraphs (2) and (3).
(2) In regulation 8 (requirements to be satisfied by transferee schemes, annuities, etc.)—
(a)in paragraph (5) before “contracted-out scheme” insert “scheme that was a”;
(b)for paragraph (7)(a)(2) substitute—
“(a)regulation 9 or 16 of the Occupational Pension Schemes (Schemes that were Contracted-out) Regulations (Northern Ireland) 2016 (payment of a lump sum instead of a pension);”.
(3) In regulation 10(3) (disapplication of Article 38) in the definition of “relevant lump sum retirement benefits scheme” in paragraph (b) for “is not contracted-out” substitute “was not contracted-out at any time before the second abolition date”.
(1)
S.R. 1996 No. 621; relevant amending Regulations are S.R. 2000 No. 335, S.R. 2005 No. 171 and S.R. 2009 No. 115
(2)
Paragraph (7) was added by regulation 11 of S.R. 2005 No. 171 and amended by regulation 7 of S.R. 2009 No. 115
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