{
  "url": "https://openlegislation.uk/pensions-2012-act-transitional-consequential-and-supplementary-provisions-regulations-northern-ireland-2014/regulation-26",
  "json_url": "https://openlegislation.uk/pensions-2012-act-transitional-consequential-and-supplementary-provisions-regulations-northern-ireland-2014/regulation-26.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/26",
  "kind": "regulation",
  "number": "26",
  "heading": "Amendment of the Occupational Pension Schemes (Preservation of Benefit) Regulations",
  "text": "(1) The Occupational Pension Schemes (Preservation of Benefit) Regulations (Northern Ireland) 1991 are amended in accordance with paragraphs (2) to (4).\n(2) In regulation 10(2) (money purchase benefits) for the words from “the money purchase benefits” to the end substitute—\n“(a) the money purchase benefits, when they become payable, in accordance with the terms of an insurance policy or annuity contract in which the amount allocated to provide the benefits is invested; or\n(b) a pension under the scheme derived from the money purchase benefits, on the basis of actuarial advice.”.\n(3) Omit regulation 14 (computation of benefit – money purchase schemes).\n(4) For regulation 14A (circumstances in which uniform accrual does not apply – money purchase benefits) substitute—\n“Benefits to which section 70(6) does not apply – money purchase benefits\n14A Section 70(6) of the Act (computation of short service benefit) does not apply to money purchase benefits.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "S.R.1991 No. 37; relevant amending Regulations are S.R. 1994 No. 300 and S.R. 1996 No. 620"
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Regulation 14 was amended by paragraph 26 of Schedule 2 to S.R. 1994 No. 300 and regulation 2 of S.R. 1996 No. 620"
    },
    {
      "type": "M",
      "label": "M3",
      "text": "Regulation 14A was inserted by regulation 2 of S.R. 1996 No. 620"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2014/204/regulation/26",
    "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."
}