Pensions Act (Northern Ireland) 2012 Explanatory Notes

Section 26: Technical amendment to section 38(2) of the Pension Schemes (Northern Ireland) Act 1993

Section 26 amends an inaccurate cross-reference in section 38(2) of the Pension Schemes (NI) Act. The power specified previously allowed the percentages stated in Schedule 3 to that Act (in respect of contributions owed by bankrupt employers of salary-related contracted-out schemes) to be changed in line with changes to the rebate percentages. The amendment refers to the correct paragraph in Schedule 3 which contains the rebate percentages.

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