{
  "url": "https://openlegislation.uk/pension-schemes-northern-ireland-act-1993/section-126",
  "json_url": "https://openlegislation.uk/pension-schemes-northern-ireland-act-1993/section-126.json",
  "legislation": "ukpga/1993/49",
  "legislation_title": "Pension Schemes (Northern Ireland) Act 1993",
  "legislation_url": "https://openlegislation.uk/pension-schemes-northern-ireland-act-1993",
  "path": "section/126",
  "kind": "section",
  "number": "126",
  "heading": "Extra-statutory benefits.",
  "text": "It is hereby declared that—\n(a) nothing in Part III precludes an occupational pension scheme from providing benefits that are more favourable than those required for contracting-out purposes and, in particular, nothing in section 12(3) is to be taken as preventing the scheme from providing increases above the alternative minima there mentioned; and\n(b) nothing in the provisions of Chapter 2 of Part 4 or Chapter 1 or 2 of Part 4ZA precludes a scheme from being framed or managed more favourably to beneficiaries than is called for by those provisions.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 126(b) substituted (6.4.2015) by Pension Schemes Act 2015 (c. 8), s. 89(3)(b), Sch. 4 para. 70 (with s. 87)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1993/49/section/126",
    "retrieved_at": "2026-10-29T09:34:31.493981+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}