Article 16 Amendment of the Occupational Pension Schemes (Indexation) Regulations

In regulation 1(2) of the Occupational Pension Schemes (Indexation) Regulations (Northern Ireland) 1997^f1 (interpretation)—

(a)

after the definition of “the Act”^f2 insert—

““abolition date” means the day appointed for the commencement of section 13(1) of the Pensions Act (Northern Ireland) 2008^f3;”;

(b)

after the definition of “pension scheme” insert—

““protected rights” has the meaning given in section 6^f4 of the Act, as it had effect immediately before the abolition date;”;

(c)

in the definition of “section 5(2B) rights”^f5 at the end of paragraph (b)(ii) add “where that transfer payment was made before the abolition date”.

Annotations

f1: S.R. 1997 No. 8; relevant amending provisions are S.R. 2005 No. 170 and S.I. 2006/744
f2: The definition of “the Act” was inserted by regulation 3(a) of S.R. 2005 No. 170
f3: 2008 c.1 (N.I.)
f4: Section 6 was amended by paragraph 18 of Schedule 3 to the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I.22)), Article 29(2) of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11) and paragraph 23 of Schedule 11 to the Proceeds of Crime Act 2002 (c. 29) and is repealed by Part 3 of Schedule 10 to the Pensions (No. 2) Act (Northern Ireland) 2008
f5: The definition of “section 5(2B) rights” was substituted by regulation 3(b) of S.R. 2005 No. 170