Regulation 34 Interpretation of Part 8

In this Part—

• “the 1993 (NI) Act” means the Pension Schemes (Northern Ireland) Act 1993;

• “the 2005 Order” means the Pensions (Northern Ireland) Order 2005;

• “the Contributions and Benefits (NI) Act” means the Social Security Contributions and Benefits (Northern Ireland) Act 1992;

• “section 5(2B) rights” are—

  1. (a)

     rights to the payment of pensions and accrued rights to pensions (other than rights attributable to voluntary contributions) under a scheme contracted-out by virtue of section 5(2B) of the 1993 (NI) Act, so far as attributable to an earner’s service in contracted-out employment on or after the principal appointed day; and

  2. (b)

     where a transfer payment has been made to such a scheme, any rights arising under the scheme as a consequence of that payment which are derived directly or indirectly from—

     1. (i)

        such rights as are referred to in paragraph (a) under another scheme contracted-out by virtue of section 5(2B) of the 1993 (NI) Act; or

     2. (ii)

        protected rights under another occupational pension scheme or under a personal pension scheme attributable to payments or contributions in respect of employment on or after the principal appointed day where that transfer payment was made before the first abolition date.