Regulation P12 Pensions Order payments

(1)

Any increase in a pension which is required by virtue of Articles 43A to 43C (protection of pensions) of the Pensions Order^f1 shall be paid out of the fund.

(2)

Any payment which the Committee are required to make as a result of a person’s taking out a right to a cash equivalent under Schedule 1A to the Pensions Order^f2 shall be made out of the fund.

Annotations

Footnotes

f1: Articles 43A to 43C were inserted by the Health and Social Security (Northern Ireland) Order 1984 (S.I. 1984/1158 (N.I. 8)) Schedule 4, modified by the Contracting-out (Protection of Pensions) Regulations (Northern Ireland) 1984 (S.R. 1984 No. 444), and amended by the Social Security (Northern Ireland) Order 1985 (S.I. 1985/1209 (N.I. 16)), Article 8 and Schedule 3, paragraph 3
f2: Schedule 1A was inserted by the Social Security (Northern Ireland) Order 1985, Schedule 1, paragraph 3