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The Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 2005

S.R. 2005/168 · Made 25 March 2005 · Extends to Northern Ireland

Up to date with all changes known to legislation.gov.uk, revised to 1 August 2022.

PENSIONS

Made 25th March 2005

Coming into operation 6th April 2005

The Department for Social Development, in exercise of the powers conferred by Articles 40(1) and (2), 49(2) and (3), 57(2) and (4), 60(2), 68(2)(e), 75(1)(b), (5), (6D)(b)(i) and (10), 75A(1) to (4), 87(2), 115(1), 116, 122(3) and 166(1) to (3) of the Pensions (Northern Ireland) Order 1995f1, and now vested in itf2, and of all other powers enabling it in that behalf, hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

S.I. 1995/3213 (N.I. 22); Article 40(2) was amended by Article 152 of the Financial Services and Markets Act 2000 (Consequential Amendments) Order 2001 (S.I. 2001/3649); Article 75 is amended by Article 248 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) and Article 75A is inserted by Article 249 of that Order; Article 87(2) is amended by paragraph 60(b) of Schedule 10 to that Order

f2

See Article 8(b) of S.R. 1999 No. 481

Contents

  1. Preliminary
  2. 1Citation, commencement and application
  3. 2Interpretation
  4. 3Disapplication of the Deficiency on Winding Up Regulations
  5. 4Schemes to which Article 75 does not apply
  6. Valuations
  7. 5Calculation of the amount of scheme liabilities and value of scheme assets
  8. Multi-employer schemes
  9. 6Multi-employer schemes: general
  10. 6ZAEmployment-cessation events: general
  11. 6ZBEmployment-cessation events: exemptions
  12. 6ZCRegulation 6ZC
  13. 6ZDRegulation 6ZD
  14. 6AEmployment-cessation events: periods of grace
  15. 6BScheme apportionment arrangements
  16. 6CWithdrawal arrangements
  17. 6DNotifiable events
  18. 6EFlexible apportionment arrangements
  19. 6FDeferred debt arrangement
  20. 7Approved withdrawal arrangements
  21. 7ARegulated apportionment arrangements
  22. 7BCalculation of amounts due from guarantors by virtue of regulation 7 Repealed
  23. 8Single employer sections, multi-employer sections, etc.
  24. Former employers
  25. 9Frozen schemes and former employers
  26. Money purchase schemes
  27. 10Money purchase schemes: fraud and levy deficiencies etc.
  28. 11Money purchase schemes: valuations etc.
  29. 12Multi-employer money purchase schemes
  30. 13Money purchase schemes: former employers
  31. Other schemes treated as more than one scheme
  32. 14Schemes covering United Kingdom and foreign employment
  33. 15Schemes with partial government guarantee
  34. Supplementary
  35. 16Modification of schemes: apportionment of Article 75 debts
  36. 17Disregard of staying of voluntary winding up of employer for purposes of Article 75
  37. 18Consequential amendments
  38. Signature
  39. Schedule 1Actuary’s Certificate of Total difference between Scheme Assets and Liabilities [and Liability share debt of Employer in a Multi-Employer Scheme] [delete as appropriate]
  40. Schedule 1A: Withdrawal Arrangements and Approved Withdrawal Arrangements
  41. 1Conditions for withdrawal arrangements and approved withdrawal arrangements
  42. 2Actuarial certificates
  43. 3Events for payment of amount B
  44. 4Calculation of amount A
  45. 5Calculation of amount B
  46. 6Approval of withdrawal arrangements in advance
  47. 7Replacement withdrawal arrangements
  48. Schedule 1B: Notifiable Events
  49. 1Paragraph 1
  50. 2Paragraph 2
  51. 3Paragraph 3
  52. Schedule 1CActuary’s Certificate for Withdrawal Arrangement Share or Approved Withdrawal Arrangement Share in Multi-Employer Scheme
  53. Schedule 1DActuary’s Certificate for Amount B under a Withdrawal Arrangement or an Approved Withdrawal Arrangement in a Multi-Employer Scheme
  54. Schedule 2: Consequential Amendments
  55. 1The MFR Regulations Repealed
  56. 2The Occupational Pension Schemes (Investment) Regulations Repealed
  57. 3The Winding Up Regulations
  58. Explanatory note