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Pension Schemes (Northern Ireland) Act 1993
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- UK Public General Acts
- 1993 c. 49
- SCHEDULE 2
- The cash balance method
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Changes over time for: Cross Heading: The cash balance method
Version Superseded: 01/08/2022
Alternative versions:
- 07/02/1994- Amendment
- 24/07/2014- Amendment
- 11/02/2021- Amendment
- 01/09/2021
Point in time - 01/08/2022- Amendment
Status:
Point in time view as at 01/09/2021.
Changes to legislation:
Pension Schemes (Northern Ireland) Act 1993, Cross Heading: The cash balance method is up to date with all changes known to be in force on or before 23 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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[F1The cash balance methodN.I.
Textual Amendments
F1Sch. 2 para. 3A inserted (24.7.2014) by The Pensions (2012 Act) (Consequential and Supplementary Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/213), regs. 1, 2(3)
3AN.I.The cash balance method of revaluing a [F2cash balance benefit] [F2benefit] is to revalue the available sum in respect of the benefit in any way in which it would have been revalued if the member’s pensionable service had not terminated.]
Textual Amendments
F2Word in Sch. 2 para. 3A substituted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), s. 131(1)(3)(a), Sch. 6 para. 5; S.R. 2022/197, art. 3(a)
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