Pension Schemes (Northern Ireland) Act 1993

[F1 The cash balance method N.I.

Textual Amendments

F1 Sch. 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)

3A N.I. The cash balance method of revaluing a [F2 benefit] 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

F2 Word 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)