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The Pensions (2008 No. 2 Act) (Abolition of Protected Rights) (Consequential Provisions) Order (Northern Ireland) 2012

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Amendment of the Occupational Pension Schemes (Indexation) Regulations

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16.  In regulation 1(2) of the Occupational Pension Schemes (Indexation) Regulations (Northern Ireland) 1997(1) (interpretation)—

(a)after the definition of “the Act”(2) insert—

““abolition date” means the day appointed for the commencement of section 13(1) of the Pensions Act (Northern Ireland) 2008(3);”;

(b)after the definition of “pension scheme” insert—

““protected rights” has the meaning given in section 6(4) of the Act, as it had effect immediately before the abolition date;”;

(c)in the definition of “section 5(2B) rights”(5) at the end of paragraph (b)(ii) add “where that transfer payment was made before the abolition date”.

(1)

S.R. 1997 No. 8; relevant amending provisions are S.R. 2005 No. 170 and S.I. 2006/744

(2)

The definition of “the Act” was inserted by regulation 3(a) of S.R. 2005 No. 170

(4)

Section 6 was amended by paragraph 18 of Schedule 3 to the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I.22)), Article 29(2) of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11) and paragraph 23 of Schedule 11 to the Proceeds of Crime Act 2002 (c. 29) and is repealed by Part 3 of Schedule 10 to the Pensions (No. 2) Act (Northern Ireland) 2008

(5)

The definition of “section 5(2B) rights” was substituted by regulation 3(b) of S.R. 2005 No. 170

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