{
  "url": "https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-northern-ireland-1996/schedule-1/paragraph-5",
  "json_url": "https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-northern-ireland-1996/schedule-1/paragraph-5.json",
  "legislation": "nisr/1996/618",
  "legislation_title": "The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996",
  "legislation_url": "https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-northern-ireland-1996",
  "path": "schedule/1/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "The receiving scheme must provide for pensions to be paid which are of at least equal value to the annuity which would have been payable by the transferring policy, had the transfer not taken place, in respect of the earner’s accrued rights to guaranteed minimum pensions.",
  "extent": "N.I.",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 1 para. 5 in operation at 6.4.1997, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "coming into force",
      "affecting": "nisr/1996/618",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996"
    },
    {
      "type": "coming into force",
      "affecting": "nisr/1996/618",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996"
    },
    {
      "type": "coming into force",
      "affecting": "nisr/1996/618",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996"
    },
    {
      "type": "coming into force",
      "affecting": "nisr/1996/618",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996"
    },
    {
      "type": "coming into force",
      "affecting": "nisr/1996/618",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996"
    },
    {
      "type": "coming into force",
      "affecting": "nisr/1996/618",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996"
    },
    {
      "type": "words substituted",
      "affecting": "nisr/2005/433",
      "affecting_title": "The Civil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) Order (Northern Ireland) 2005"
    },
    {
      "type": "words substituted",
      "affecting": "nisr/2016/158",
      "affecting_title": "The Pensions (2015 Act) (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order (Northern Ireland) 2016"
    },
    {
      "type": "omitted",
      "affecting": "nisr/2016/158",
      "affecting_title": "The Pensions (2015 Act) (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order (Northern Ireland) 2016"
    },
    {
      "type": "words substituted",
      "affecting": "nisr/2016/158",
      "affecting_title": "The Pensions (2015 Act) (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order (Northern Ireland) 2016"
    },
    {
      "type": "words substituted",
      "affecting": "nisr/2018/51",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations (Northern Ireland) 2018"
    },
    {
      "type": "words substituted",
      "affecting": "nisr/2018/51",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations (Northern Ireland) 2018"
    },
    {
      "type": "words substituted",
      "affecting": "nisr/2018/51",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations (Northern Ireland) 2018"
    },
    {
      "type": "added",
      "affecting": "nisr/2018/51",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations (Northern Ireland) 2018"
    },
    {
      "type": "substituted",
      "affecting": "nisr/2018/51",
      "affecting_title": "The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations (Northern Ireland) 2018"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/1996/618/schedule/1/paragraph/5",
    "retrieved_at": "2026-10-29T02:31:29.084427+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}