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Regulation 2 Salary related schemesI1

Northern Ireland Not yet in force

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

For the purposes of Chapter II of Part IVA of the Actf1 (requirements relating to pension credit benefit—transfer values) and these Regulations, an occupational pension scheme is salary related if it is not a money purchase scheme and it is not a scheme—

(a)

the only benefits provided by which (other than money purchase benefits) are death benefits, and

(b)

under the provisions of which no member has accrued rights (other than rights to money purchase benefits).

Annotations

Commencement

I1

Reg. 2 in operation at 1.12.2000, see reg. 1(1)

Footnotes

f1

Part IVA is inserted by Article 34 of the Welfare Reform and Pensions (Northern Ireland) Order 1999