{
  "url": "https://openlegislation.uk/pensions-2012-act-transitional-consequential-and-supplementary-provisions-regulations-northern-ireland-2014/regulation-20",
  "json_url": "https://openlegislation.uk/pensions-2012-act-transitional-consequential-and-supplementary-provisions-regulations-northern-ireland-2014/regulation-20.json",
  "legislation": "nisr/2014/204",
  "legislation_title": "The Pensions (2012 Act) (Transitional, Consequential and Supplementary Provisions) Regulations (Northern Ireland) 2014",
  "legislation_url": "https://openlegislation.uk/pensions-2012-act-transitional-consequential-and-supplementary-provisions-regulations-northern-ireland-2014",
  "path": "regulation/20",
  "kind": "regulation",
  "number": "20",
  "heading": "Application of Article 75 of the 1995 Order to non-money purchase schemes including benefits treated as money purchase benefits: periods before the appointed day",
  "text": "(1) This regulation applies where before the appointed day—\n(a) an occupational pension scheme included benefits other than money purchase benefits;\n(b) in accordance with Article 75 of the 1995 Order (deficiencies in the assets), a debt became due to the trustees or managers of the scheme from an employer in relation to the scheme, and\n(c) at the time that the debt became due the scheme included any of the benefits specified in paragraph (2) and met the condition specified in paragraph (3).\n(2) The benefits specified in this paragraph are—\n(a) cash balance benefits;\n(b) a defined benefit minimum (in relation to money purchase underpin benefits or cash balance underpin benefits);\n(c) top-up benefits;\n(d) pensions derived from money purchase benefits, and\n(e) pensions derived from any of the benefits specified in sub-paragraphs (a) to (c).\n(3) The condition specified in this paragraph is that assets and liabilities in respect of benefits specified in paragraph (2) were treated as if they related to money purchase benefits for the purposes of calculating the debt referred to in paragraph (1)(b).\n(4) Where this regulation applies, Article 75 of the 1995 Order applies in relation to the time that the debt referred to in paragraph (1)(b) of this regulation became due (or would have become due if this regulation did not apply) as if the assets and liabilities relating to the benefits specified in paragraph (2) of this regulation which were treated as money purchase benefits for the purposes of calculating the debt referred to in paragraph (1)(b) of this regulation related to money purchase benefits.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2014/204/regulation/20",
    "retrieved_at": "2026-10-29T01:06:02.883085+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}