# Pension Schemes (Northern Ireland) Act 1993, Section 56: Effect of payment of premiums on rights.

Extent: N.I.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) Payment of a contributions equivalent premium in the circumstances mentioned in section 51(2A)(a) and (b), (d) and (e) shall extinguish the earner’s accrued rights to guaranteed minimum pensions under the relevant scheme or (in relation to service on or after the principal appointed day( rights to pensions under the scheme so far as attributable to the amount of the premium.
(5) Payment of a contributions equivalent premium in the circumstances mentioned in section 51(2A)(c) shall extinguish any such accrued rights in respect of the earner’s widow, widower or surviving civil partner .
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/1993/49/section/56 (the official version)
Page: https://openlegislation.uk/pension-schemes-northern-ireland-act-1993/section-56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.