SCHEDULES

SCHEDULE 16Benefits under pension schemes

Part 2Consequential amendments

Pension Schemes (Northern Ireland) Act 1993

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Until such time as the repeal of section 24A of the Pension Schemes (Northern Ireland) Act 1993 (requirements for interim arrangements) by paragraph 11 of Schedule 4 to the Pensions Act (Northern Ireland) 2008 has effect for all purposes, subsection (3) of that section has effect with the following amendments—

a

in paragraph (a)—

i

for “unsecured pension year” substitute “ drawdown pension year ”,

ii

after “twelve months” insert “ (disregarding the second sentence of pension rule 5) ”, and

iii

for “where the member has not reached the age of 75,” substitute “ or ”;

b

in paragraph (c)—

i

for “unsecured pension year” substitute “ drawdown pension year ”,

ii

after “twelve months” insert “ (disregarding the second sentence of pension death benefit rule 4) ”, and

iii

omit “and the member's widow, widower or surviving civil partner has not reached the age of 75, or”;

c

omit paragraphs (b) and (d).