Pension Schemes (Northern Ireland) Act 1993

[F120FTransfer outN.I.

(1)Regulations may prescribe—

(a)restrictions on the transfer of the [F2earner's accrued rights under a GMP-converted scheme] [F2accrued 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 [F3earner's accrued rights under a GMP-converted scheme] [F3accrued rights of a person in relation to whom GMP conversion has been effected] .

(2)[F4Section 16(2) and (5) shall apply to regulations under this section.]

(3)[F5Where 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.]

[F5Where—

(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

F1Ss. 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)

F6Word 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)