Article 3 Amendment of the Occupational Pension Schemes (Contracting-out) RegulationsI1

Northern Ireland

(1)

The Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996^f1 shall be amended in accordance with paragraphs (2) to (7).

(2)

In regulation 1(2) (interpretation) omit the definition of “safeguarded rights”^f2.

(3)

In regulation 23 (requirements for meeting the statutory standard) for paragraph (d)^f3 substitute—

“(d)
must not have regard to any pensions to be provided under the scheme in respect of earners who are not in contracted-out employment;”.

(4)

In regulation 39^f4 (circumstances in which schemes may change mode of contracting out)—

(a)

in paragraph (1) omit “and any safeguarded rights”;

(b)

in paragraph (2) for “, section 5(2B) rights and any safeguarded rights” substitute “and section 5(2B) rights^f5”.

F1(5)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

F1: Reg. 3(5)-(7) revoked by virtue of (6.4.2016) by The Occupational Pension Schemes (Schemes that were Contracted-out) Regulations (Northern Ireland) 2016 (S.R. 2016/107), reg. 1(a), Sch. 2

f1: S.R. 1996 No. 493; relevant amending Regulations are S.R. 1997 Nos. 160 and 162, S.R. 1999 No. 486, S.R. 2000 No. 336 and S.R. 2002 No. 109
f2: The definition of “safeguarded rights” was inserted by regulation 2(2) of S.R. 2000 No. 336
f3: Paragraph (d) was amended by regulation 2(4) of S.R. 2000 No. 336
f4: Regulation 39 was amended by regulation 3(2) of S.R. 1997 No. 162 and regulation 2(5) of S.R. 2000 No. 336
f5: The definition of “section 5(2B) rights” was inserted by paragraph 5(2) of the Schedule to S.R. 1997 No. 160 and amended by regulation 4(2)(b) of S.R. 1999 No. 486