Regulation 27 Amendment of the Occupational Pension Schemes (Revaluation) Regulations

In regulation 3 of the Occupational Pension Schemes (Revaluation) Regulations (Northern Ireland) 1991 M1 (hybrid benefits) for paragraph (2) substitute—

“(2)

In this regulation, “hybrid benefit” means a benefit the rate or amount of which is calculated by reference to the greatest, or smallest, of two or more benefits.”.