# The Teachers' Superannuation (Amendment) ( No. 2) Regulations (Northern Ireland) 2005, Regulation 16: Amendment of the Teachers' Superannuation Regulations (Northern Ireland) 1998

Extent: N.I.

After regulation E1 there shall be inserted the following regulation—
“Residual liability for guaranteed minimum pensions and for section 5(2B) rights
E1A. (1) This regulation applies where—
(a) a person has exercised his right to a cash equivalent,
(b) the other occupational pension scheme or personal pension scheme into which he has transferred or is in the course of transferring his cash equivalent is not willing or able to accept the cash equivalent of his guaranteed minimum pension or section 5(2B) rights, and
(c) he has not transferred the cash equivalent of his guaranteed minimum pension or section 5(2B) rights into a policy described in section 15(4) of the Pensions Schemes (Northern Ireland) Act(a) or a separate personal pension scheme.
(2) Where this regulation applies the person is entitled—
(a) to a pension at a weekly rate equal to his guaranteed minimum from the date on which he attains state pensionable age;
(b) to a lump sum and a pension in respect of his section 5(2B) rights from the date on which he attains the age of 60,
or to both.”.

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Source: https://www.legislation.gov.uk/nisr/2005/495/regulation/16 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-amendment-no-2-regulations-northern-ireland-2005/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.