Pension Schemes (Northern Ireland) Act 1993

[F1 20F Transfer out N.I.

(1) Regulations may prescribe—

(a) restrictions on the transfer of the [F2 earner's accrued rights under a GMP-converted scheme] [F2 accrued rights of a person in relation to whom GMP conversion has been effected] ;

(b) conditions which must be complied with on the transfer of the [F3 earner's accrued rights under a GMP-converted scheme] [F3 accrued rights of a person in relation to whom GMP conversion has been effected] .

(2) [F4 Section 16(2) and (5) shall apply to regulations under this section.]

(3) [F5 Where a member of a non-GMP-converted scheme makes an application under section 91(1), the trustees may with his consent adjust any F6 ... cash equivalent so as to reflect rights that would have accrued if the scheme had been subject to GMP conversion in accordance with Conditions 1 to 4 of section 20B.]

[F5 Where—

(a) a member of a scheme makes an application under section 91(1), and

(b) GMP conversion has not been effected in relation to the member,

the trustees may with the member’s consent adjust any cash equivalent so as to reflect rights that would have accrued if GMP conversion had been effected in relation to the member in accordance with Conditions 1 to 4 of section 20B.]]

Textual Amendments

F1 Ss. 20A-20H inserted (3.3.2009 for specified purposes, 6.4.2009 in so far as not already in force) by Pensions Act (Northern Ireland) 2008 (c. 1), ss. 12(3), 21(1); S.R. 2009/75, art. 2(a)(b)

F2 Words in s. 20F(1)(a) substituted (28.4.2022 for specified purposes) by Pension Schemes (Conversion of Guaranteed Minimum Pensions) Act 2022 (c. 33), ss. 2(6)(a), 3(4)(b)

F3 Words in s. 20F(1)(b) substituted (28.4.2022 for specified purposes) by Pension Schemes (Conversion of Guaranteed Minimum Pensions) Act 2022 (c. 33), ss. 2(6)(a), 3(4)(b)

F4 S. 20F(2) omitted (28.4.2022 for specified purposes) by virtue of Pension Schemes (Conversion of Guaranteed Minimum Pensions) Act 2022 (c. 33), ss. 2(6)(b), 3(4)(b)

F5 S. 20F(3) substituted (28.4.2022 for specified purposes) by Pension Schemes (Conversion of Guaranteed Minimum Pensions) Act 2022 (c. 33), ss. 2(6)(c), 3(4)(b)

F6 Word in s. 20F(3) omitted (6.4.2015) by virtue of Pension Schemes Act 2015 (c. 8), s. 89(3)(b), Sch. 4 para. 51 (with s. 87)