Paragraph 2

In section 16(1) of the Pension Schemes Act (transfer of accrued rights)—

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

In section 176(1) of that Act (general interpretation), after the definition of occupational pension scheme, there shall be inserted—

“overseas arrangement means a scheme or arrangement which—

(a)

has effect, or is capable of having effect, so as to provide benefits on termination of employment or on death or retirement to or in respect of earners;

(b)

is administered wholly or primarily outside Northern Ireland;

(c)

is not an appropriate scheme; and

(d)

is not an occupational pension scheme;” .