OpenLegislation

The Pensions (2012 Act) (Commencement No. 4) Order (Northern Ireland) 2014

S.R. 2014/203 · Made 3 July 2014

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Pensions

Made 3rd July 2014

The Department for Social Development makes the following Order in exercise of the powers conferred by section 34(3) of the Pensions Act (Northern Ireland) 2012f1.

Annotations to the whole text

Footnotes

f1

2012 c. 3 (N.I.)

Contents

  1. 1Citation
  2. 2Appointed day
  3. Signature
  4. Explanatory note

1Citation

This Order may be cited as the Pensions (2012 Act) (Commencement No. 4) Order (Northern Ireland) 2014.

2Appointed day

The day appointed for the coming into operation of section 27 of the Pensions Act (Northern Ireland) 2012 (definition of money purchase benefits) is 24th July 2014.

Signature

Sealed with the Official Seal of the Department for Social Development on 3rd July 2014

(L.S.)

Andrew M. Hamilton

A senior officer of the Department for Social Development

Explanatory note

(This note is not part of the Order)

This Order brings into operation section 27 of the Pensions Act (Northern Ireland) 2012 on 24th July 2014.

Section 27 inserts section 176B into the Pension Schemes (Northern Ireland) Act 1993 (c. 49), which supplements the definition of “money purchase benefits” in section 176(1) of that Act, with retrospective effect to 1st January 1997. It also inserts section 78A into the Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.)), which supplements the definition of “money purchase benefits” in section 78 of that Act, with retrospective effect to 5th July 2010.