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Regulation 1 Citation, commencement and interpretationF1I1

Northern Ireland

(1)

These Regulations may be cited as the Transfer Values (Disapplication) Regulations (Northern Ireland) 2010 and shall come into operation on 5th July 2010.

(2)

In these Regulations—

  • “incapacity” means physical or mental impairment which renders a member of the Scheme incapable of carrying on any occupation, where that member—

    1. (a)

      provides evidence to the scheme administrator from a registered medical practitioner that that member is (and will continue to be) suffering from that physical or mental impairment, and

    2. (b)

      certifies that that member has in fact ceased to carry on any occupation;

  • “normal minimum pension age” has the meaning given in section 279(1) of the Finance Act 2004f1;

  • “the Scheme” means the pension scheme established by the Secretary of State under section 67(1) of the Pensions Act 2008f2;

  • “scheme administrator” has the same meaning as in section 270 of the Finance Act 2004;

  • “the transfer value provisions” means F2Chapter 1 of Part 4ZA (transfers and contribution refunds) and Chapter II of Part IVAf3 (requirements relating to pension credit benefit);

  • “the Trustee” means the trustee corporationf4 established under section 75 of the Pensions Act 2008.

(3)

The Interpretation Act (Northern Ireland) 1954f5 shall apply to these Regulations as it applies to an Act of the Assembly.

(4)

In these Regulations any reference to a numbered section or Part is a reference to the section or Part of the Pension Schemes (Northern Ireland) Act 1993 bearing that number.

Annotations

Textual amendments

F1

Regulations revoked (1.4.2017) by The Occupational and Personal Pension Schemes (Transfer Values) (Amendment and Revocation) Regulations (Northern Ireland) 2015 (S.R. 2015/164), reg. 13(b) (with reg. 10)

F2

Words in reg. 1(2) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Transfer Values) (Amendment and Revocation) Regulations (Northern Ireland) 2015 (S.R. 2015/164), regs. 1(1)(a), 12(2) (with reg. 10)

Commencement

I1

Reg. 1 in operation at 5.7.2010, see reg. 1(1)

Footnotes

f1

2004 c. 12

f2

2008 c. 30

f3

Part IVA was inserted by Article 34 of the Welfare Reform and Pensions (Northern Ireland) Order 1999

f4

The trustee corporation is named by Article 2 of S.I. 2010/3

f5

1954 c. 33 (N.I.)