Paragraph 10 Contributions under money purchase arrangementsI1

Northern Ireland

Under a money purchase arrangement—

(a)

different rates of member or employer contributions according to the age of the members by or in respect of whom contributions are made where the aim in setting the different rates is—

(i)

to equalise the F1amount of age related benefit in respect of comparable aggregate periods of pensionable service to which members of different ages who are otherwise in a comparable situation will become entitled under the arrangement, or

F2(ii)

to make more nearly equal the amount of the age related benefit, in respect of comparable aggregate periods of pensionable service, to which members of different ages who are otherwise in a comparable situation will become entitled under the arrangement;

(b)

equal rates of member or employer contributions irrespective of the age of the members by or in respect of whom contributions are made.

F3(c)

any limitation on any employer contributions in respect of a member or member contributions by reference to a maximum level of pensionable pay.

Annotations

Textual amendments

F1: Words in Sch. 1 para. 10(a)(i) substituted (1.12.2006) by The Employment Equality (Age) (Amendment No. 2) Regulations (Northern Ireland) 2006 (S.R. 2006/453), regs. 1(1), 2(3)(g)(i)
F2: Sch. 1 para. 10(a)(ii) substituted (1.12.2006) by The Employment Equality (Age) (Amendment No. 2) Regulations (Northern Ireland) 2006 (S.R. 2006/453), regs. 1(1), 2(3)(g)(ii)
F3: Sch. 1 para. 10(c) added (1.12.2006) by The Employment Equality (Age) (Amendment No. 2) Regulations (Northern Ireland) 2006 (S.R. 2006/453), regs. 1(1), 2(3)(g)(iii)

Paragraph 10 Contributions under money purchase arrangementsI1

Annotations

Textual amendments

Commencement

Notes on Schedule 1

Commencement