SCHEDULES

C2SCHEDULE 2 Transfer of accrued benefits

Annotations:
Modifications etc. (not altering text)
C2

Sch. 2 applied (with modifications) (31.3.1995) by 1967 c. 13, Sch.1 para. 4(1) (as substituted (31.3.1995) by 1993 c. 8, s. 25, Sch. 4 Pt. II para. 2; S.I. 1995/631, art. 2)

Sch. 2 applied (with modifications) (31.3.1995) by S.I. 1987/460 (N.I. 5), art.4A (as inserted (31.5.1995) by 1993 c. 8, s. 25, Sch. 4 Pt. IV para. 5(4); S.I. 1995/631, art. 2)

Sch. 2 applied (with modifications) (31.3.1995) by 1969 c. 10 (N.I.), Sch.1A para. 4(1) (as inserted (31.3.1995) by 1993 c. 8, s. 25, Sch. 4 Pt. V para. 6(6); S.I. 1995/631, art. 2)

Sch. 2 extended (with modifications) (16.7.1996) by S.I. 1996/1298 (N.I. 8), art. 5(4), Sch. 1 para. 6(2)(3)(4)

Sch. 2 extended (with modifications) (16.7.1996) by S.I 1996/1297 (N.I. 7), art. 4(4), Sch. 1 para. 6(2)(3)(4)

Part I General

Interpretation

C11

F11

In this Schedule—

  • F2“authorised insurer” means—

    1. i

      a person who has permission under F12Part 4A of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance, F15...

    2. ii

      F15...

  • “contracted-out scheme” has the same meaning as it has for the purposes of Part III of F3the Pension Schemes Act 1993 and, in relation to Northern Ireland, F4Part III of the Pension Schemes (Northern Ireland) Act 1993;

  • “disregarded service”, in relation to any member of a scheme, means any period of service in qualifying judicial office during which an election under, or an election having effect as if made under, section 13 of this Act is in force in respect of the qualifying member;

  • “guaranteed minimum pension” has the same meaning as in the F3the Pension Schemes Act 1993 and, in relation to Northern Ireland, F5Pension Schemes (Northern Ireland) Act 1993;

  • “member”, in relation to a scheme, means a person to whom Part I of this Act applies or has applied;

  • “normal pension age” means the earliest age at which, if his service in qualifying judicial office had continued until retirement at that age, a member of the scheme constituted by Part I of this Act might have been entitled to receive a pension under the scheme at the appropriate annual rate (otherwise than by reason of infirmity of mind or body);

  • “occupational pension scheme” has the meaning given by F6section 1 of F3the Pension Schemes Act 1993 or, in relation to Northern Ireland, Article 2(2) of the Social Security Pensions (Northern Ireland) Order 1975;

  • “personal pension scheme” has the meaning given by F7section 1 of the Pension Schemes Act 1993 or, in relation to Northern Ireland, F8section 1 of the Pension Schemes (Northern Ireland) Act 1993;

  • “prescribed” means prescribed by regulations;

  • F11F10“protected rights” has the same meaning as in the Pension Schemes (Northern Ireland) Act 1993;

  • “qualifying member” means a person to whom Part II of this Schedule applies;

  • “qualifying service” means the service by reference to which a qualifying member’s entitlement to benefit under the scheme is calculated; and

  • “scheme” means the relevant occupational pension scheme constituted by Part I or section 19 of this Act.

F92

The definition of “authorised insurer” in sub-paragraph (1) must be read with—

a

section 22 of the Financial Services and Markets Act 2000;

b

any relevant order under that section;

c

Schedule 2 to that Act.

Regulations

2

Regulations for the purposes of this Schedule may be made, with the concurrence of the Treasury, by the Lord Chancellor or, in relation to Scotland, the Secretary of State.

Other provisions about transfer values

3

F13Chapter 1 of Part 4ZA of the Pension Schemes Act 1993 (transfer values) and F14Chapter 1 of Part 4ZA of the Pension Schemes (Northern Ireland) Act 1993 (corresponding Northern Ireland provisions) shall not apply in relation to those schemes to which this Schedule applies.