SCHEDULES

SCHEDULE 13ABOLOTION OF CONTRACTING-OUT FOR SALARY RELATED SCHEMES

PART 1PENSION SCHEMES (NORTHERN IRELAND) ACT 1993: AMENDMENTS

7

1

Section 4 (meaning of “contracted-out employment”, “guaranteed minimum pension” and “minimum payment”) is amended as follows.

2

For subsection (1) substitute—

1

In relation to any period before the second abolition date, the employment of an earner in employed earner’s employment was “contracted-out employment” in relation to the earner during that period if—

a

the earner was under pensionable age;

b

the earner’s service in the employment was service which qualified the earner for a pension provided by a salary related contracted-out scheme; and

c

there was in force a contracting-out certificate issued in accordance with this Chapter (as it then had effect) stating that the employment was contracted-out employment by reference to the scheme.

3

After subsection (1A) insert—

1B

In the following provisions of this Act “earner”, in relation to a scheme, means a person who was an earner in contracted-out employment by reference to the scheme.

4

In subsection (2), in the definition of “guaranteed minimum pension”, for “by an occupational pension scheme” substitute “, by a scheme that was a salary related contracted-out scheme,”.

5

For subsection (4) substitute—

4

A contracting-out certificate that was in force in respect of an employed earner’s employment is to be taken as conclusive that the employment was, at that time, contracted-out employment.