# The Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996, Regulation 73: Transitional arrangements and savings for salary related schemes which have begun winding up before the principal appointed day

Extent: N.I.
Status: prospective

Notwithstanding the revocations in Schedule 2, in the case of a scheme to which section 19(2) and (3) of the Act applies (securing of benefits on winding up)—
(a) regulation 37 of the Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1985 (priorities on the winding-up of a scheme) shall continue to have effect, and
(b) the resources of the scheme must be sufficient to meet the liabilities specified in section 20(1)(c) of the Act, such resources and liabilities being calculated, determined and verified in a manner approved by the Department.

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Source: https://www.legislation.gov.uk/nisr/1996/493/regulation/73 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-contracting-out-regulations-northern-ireland-1996/regulation-73
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.