OpenLegislation

Regulation D17 Revaluation of guaranteed minimum in certain casesF1I1

Northern Ireland

(1)

This regulation applies where—

(a)

a person has ceased to be a member; and

(b)

the guaranteed minimum in relation to his pension is appropriately secured (within the meaning of section 15 of the Pension Schemes (Northern Ireland) Act 1993).

(2)

The earnings factors of such a person shall be determined for the purposes of section 10(2) of that Act—

(a)

by reference to the last order under article 23 of the Social Security Pensions (Northern Ireland) Order 1975f1 or section 130 of the Social Security Administration (Northern Ireland) Act 1992f2 to come into force before the end of the tax year in which he ceased to be a member, and

(b)

without reference to the last such order to come into force before the end of the final relevant year.

(3)

In this regulation “final relevant year” has the meaning given in section 12(5) of the Pension Schemes (Northern Ireland) Act 1993.

Annotations

Textual amendments

F1

Regulations revoked (1.4.2015) by The Local Government Pension Scheme (Amendment and Transitional Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/189), regs. 1(1), 2, Sch. 2 (with savings and transitional provisions in reg. 3, Sch. 5)

Commencement

I1

Reg. D17 in operation at 1.8.2000, see reg. A1(1)

Footnotes

f1

S.I. 1975/1503 (N.I. 15); Article 23 was repealed by the Social Security (Consequential Provisions) (Northern Ireland) Act (1992 c. 9)

f2

1992 c. 8