Paragraph 10

In this Schedule—

• “insurance company” means—

  1. (a)

     a person authorised under section 3 or 4 of the Insurance Companies Act 1982^f1 to carry on long term business and acting through a branch or agency in the United Kingdom; or

  2. (b)

     a society registered as a friendly society under the Friendly Societies Act 1974^f2 or the Friendly Societies Act (Northern Ireland) 1970^f3;

• “money purchase benefits” has the same meaning as in the Social Security (Northern Ireland) Order 1986^f4;

• “pension policy” means a contract entered into on behalf of the pensionable employee by the Committee with an insurance company for the payment by the company of pension benefits to the intended recipients of those benefits which are in addition to those payable under Part E; and

• “relevant body” means—

  1. (a)

     a person for the time being operating a scheme which is an approvedscheme for the purposes of Chapter I of Part XIV of the Act of 1988, and which provides benefits in relation to people who have paid contributions to it which are in addition to those provided in relation to those people under an occupational pension scheme; or

  2. (b)

     a building society within the meaning of the Building Societies Act 1986^f5.