Paragraph 3A F1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 2 para. 3A omitted by Pension Schemes Act (Northern Ireland) 2016 Sch. 1 para. 9
Sch. 2 para. 4 omitted by Pension Schemes Act (Northern Ireland) 2016 Sch. 1 para. 9
Sch. 2 para. 5(1) words substituted by Pension Schemes Act (Northern Ireland) 2016 Sch. 1 para. 10
Sch. 2 para. A1 inserted by Pension Schemes Act (Northern Ireland) 2016 Sch. 1 para. 8

The cash balance method of revaluing a F2benefit is to revalue the available sum in respect of the benefit in any way in which it would have been revalued if the member’s pensionable service had not terminated.

Annotations

Textual amendments

F1: Sch. 2 para. 3A inserted (24.7.2014) by The Pensions (2012 Act) (Consequential and Supplementary Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/213), regs. 1, 2(3)
F2: Word in Sch. 2 para. 3A substituted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), s. 131(1)(3)(a), Sch. 6 para. 5; S.R. 2022/197, art. 3(a)