Paragraph 8

(1)

The Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996 M1 are amended as follows.

(2)

In regulation 49(4)(a)(i) (determination of cash equivalent of rights under a scheme which is not a money purchase scheme)—

(a)

for “Article 56 of the Order applies (minimum funding requirement)” substitute “ Part IV of the 2005 Order M2 applies (scheme funding) ”, and

(b)

for “Article 56(1)” substitute “ Article 201(1) of that Order ”.

Annotations

M1: S.R. (NI) 1996 No. 493; to which there are amendments not relevant to these Regulations.
M2: For the purposes of these Regulations “2005 Order” refers to S.I. 2005/255 (N.I. 1).