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The Pensions (2008 No. 2 Act) (Commencement No. 4) Order (Northern Ireland) 2010

S.R. 2010/50 · Made 25 February 2010

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Pensions

Made 25th February 2010

The Department for Social Development makes the following Order in exercise of the powers conferred by section 118(1) of the Pensions (No. 2) Act (Northern Ireland) 2008f1.

Annotations to the whole text

Footnotes

f1

2008 c. 13 (N.I.)

Contents

  1. 1Citation
  2. 2Commencement of provisions
  3. Signature
  4. Explanatory note

1Citation

This Order may be cited as the Pensions (2008 No. 2 Act) (Commencement No. 4) Order (Northern Ireland) 2010.

2Commencement of provisions

(1)

The following provisions of the Pensions (No. 2) Act (Northern Ireland) 2008 shall come into operation on 26th February 2010—

(a)

paragraph 4 of Schedule 9 (amendments relating to interest on late payment of levies) and paragraph 2 of that Schedule in so far as it relates to paragraph 4, and

(b)

section 104 (interest on late payment of levies) in so far as it relates to those provisions.

(2)

Section 78 of the Pensions (No. 2) Act (Northern Ireland) 2008 (interpretation of Part), in so far as it is not already in operation, shall come into operation on 5th July 2010.

Signature

Sealed with the Official Seal of the Department for Social Development on 25th February 2010

(L.S.)

Anne McCleary

A senior officer of the Department for Social Development

Explanatory note

(This note is not part of the Order)

This Order brings into operation paragraph 4 of Schedule 9 to the Pensions (No. 2) Act (Northern Ireland) 2008 (and paragraph 2 and section 104 in so far as they relate to paragraph 4) on 26th February 2010. Paragraph 4 inserts Article 164A into the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)). Article 164A enables regulations to be made to provide for interest to be charged in the case of late payment of a pension protection levy. That levy is payable by certain defined benefit pension schemes to the Board of the Pension Protection Fund.

The Order also brings into operation section 78 of the Pensions (No. 2) Act (Northern Ireland) 2008, in so far as it is not already in operation, on 5th July 2010. Section 78 is an interpretation provision for the purposes of Part 1 of that Act.