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The Pensions (Northern Ireland) Order 1995


This is the original version (as it was originally made).

  1. Introductory Text

  2. Part I Introductory

    1. 1.Title and commencement

    2. 2.Interpretation

  3. PART II Occupational Pensions

    1. Supervision by the Authority

      1. 3.Prohibition orders

      2. 4.Suspension orders

      3. 5.Removal of trustees: notices

      4. 6.Removal or suspension of trustees: consequences

      5. 7.Appointment of trustees

      6. 8.Appointment of trustees: consequences

      7. 9.Removal and appointment of trustees: property

      8. 10.Civil penalties

      9. 11.Powers to wind up schemes

      10. 12.Powers to wind up public service schemes

      11. 13.Injunctions

      12. 14.Restitution

      13. 15.Directions

    2. Member-nominated trustees and directors

      1. 16.Requirement for member-nominated trustees

      2. 17.Exceptions

      3. 18.Corporate trustees: member-nominated directors

      4. 19.Corporate trustees: exceptions

      5. 20.Selection, and eligibility, of member-nominated trustees and directors

      6. 21.Member-nominated trustees and directors: supplementary

    3. Independent trustees

      1. 22.Circumstances in which following provisions apply

      2. 23.Requirement for independent trustee

      3. 24.Members' powers to apply to High Court to enforce duty

      4. 25.Appointment and powers of independent trustees: further provisions

      5. 26.Insolvency practitioner or official receiver to give information to trustees

    4. Trustees: general

      1. 27.Trustee not to be auditor or actuary of the scheme

      2. 28.Article 27: consequences

      3. 29.Persons disqualified for being trustees

      4. 30.Persons disqualified: consequences

      5. 31.Trustees not to be indemnified for fines or civil penalties

    5. Functions of trustees

      1. 32.Decisions by majority

      2. 33.Investment powers: duty of care

      3. 34.Power of investment and delegation

      4. 35.Investment principles

      5. 36.Choosing investments

      6. 37.Payment of surplus to employer

      7. 38.Power to defer winding up

      8. 39.Exercise of powers by member trustees

    6. Functions of trustees or managers

      1. 40.Restriction on employer-related investments

      2. 41.Provision of documents for members

    7. Employee trustees

      1. 42.Time off for performance of duties and for training

      2. 43.Payment for time off

      3. 44.Time limit for proceedings

      4. 45.Remedies

      5. 46.Right not to suffer detriment in employment or be unfairly dismissed

    8. Advisers

      1. 47.Professional advisers

      2. 48.“Blowing the whistle”

    9. Receipts, payments and records

      1. 49.Other responsibilities of trustees, employers, etc.

    10. Resolution of disputes

      1. 50.Resolution of disputes

    11. Indexation

      1. 51.Annual increase in rate of pension

      2. 52.Restriction on increase where member is under 55

      3. 53.Effect of increases above the statutory requirement

      4. 54.Articles 51 to 53: supplementary

      5. 55.Article 51: end of annual increase in GMP

    12. Minimum funding requirement

      1. 56.Minimum funding requirement

      2. 57.Valuation and certification of assets and liabilities

      3. 58.Schedules of contributions

      4. 59.Determination of contributions: supplementary

      5. 60.Serious underprovision

      6. 61.Articles 56 to 60: supplementary

    13. Equal treatment

      1. 62.The equal treatment rule

      2. 63.Equal treatment rule: supplementary

      3. 64.Equal treatment rule: exceptions

      4. 65.Equal treatment rule: consequential alteration of schemes

      5. 66.Equal treatment rule: effect on terms of employment, etc.

    14. Modification of schemes

      1. 67.Restriction on powers to alter schemes

      2. 68.Power of trustees to modify schemes by resolution

      3. 69.Grounds for applying for modifications

      4. 70.Article 69: supplementary

      5. 71.Effect of orders under Article 69

      6. 72.Modification of public service pension schemes

    15. Winding up

      1. 73.Preferential liabilities on winding up

      2. 74.Discharge of liabilities by insurance, etc.

      3. 75.Deficiencies in the assets

      4. 76.Excess assets on winding up

      5. 77.Excess assets remaining after winding up: power to distribute

    16. Decisions of Compensation Board

      1. 78.Review of Compensation Board’s decisions

    17. The compensation provisions

      1. 79.Cases where compensation provisions apply

      2. 80.Applications for payments

      3. 81.Amount of compensation

      4. 82.Payments made in anticipation

      5. 83.Surplus funds

      6. 84.Modification of compensation provisions

    18. Money purchase schemes

      1. 85.Schedules of payments to money purchase schemes

      2. 86.Schedules of payments to money purchase schemes: supplementary

      3. 87.Application of further provisions to money purchase schemes

      4. 88.Unpaid contributions in cases of insolvency

    19. Assignment, forfeiture, bankruptcy, etc.,

      1. 89.Inalienability of occupational pension

      2. 90.Forfeiture, etc.

      3. 91.Forfeiture by reference to obligation to employer

      4. 92.Articles 89 to 91: supplementary

      5. 93.Pension rights of individuals adjudged bankrupt, etc.

    20. Questioning the decisions of the Authority

      1. 94.Review of decisions

      2. 95.References and appeals from the Authority

    21. Gathering information: the Authority

      1. 96.Provision of information: the Authority

      2. 97.Inspection of premises: the Authority

      3. 98.Warrants

      4. 99.Information and inspection: penalties

      5. 100.Savings for certain privileges, etc.

      6. 101.Publishing reports: the Authority

    22. Disclosure of information: the Authority

      1. 102.Restricted information

      2. 103.Information supplied to the Authority by corresponding overseas authorities

      3. 104.Disclosure for facilitating discharge of functions by the Authority

      4. 105.Disclosure for facilitating discharge of functions by other supervisory authorities

      5. 106.Other permitted disclosures

      6. 107.Disclosure of information by the Inland Revenue

    23. Gathering information: the Compensation Board

      1. 108.Provision of information: the Compensation Board

      2. 109.Information: penalties

      3. 110.Savings for certain privileges: the Compensation Board

      4. 111.Publishing reports: the Compensation Board

      5. 112.Disclosure of information

    24. General

      1. 113.Breach of regulations

      2. 114.Overriding requirements

      3. 115.Powers to modify this Part

      4. 116.Calculations, etc. under regulations: sub-delegation

      5. 117.Consultations about regulations

      6. 118.Crown application

      7. 119.Consequential amendments

      8. 120.“Connected” and “associated” persons

      9. 121.Interpretation of Part II

      10. 122.Article 121: supplementary


    1. 123.Equalisation of pensionable age and of entitlement to certain benefits

    2. 124.Enhancement of additional pension, etc. where family credit or disability working allowance paid

    3. 125.Additional pension: calculation of surpluses

    4. 126.Contribution conditions

    5. 127.Up-rating of pensions increased under section 52 of Contributions and Benefits Act

    6. 128.Graduated retirement benefit

    7. 129.Extension of Christmas bonus for pensioners

    8. 130.Contributions paid in error

    9. 131.Minor amendments


    1. Introductory

      1. 132.The “principal appointed day” for Part IV

    2. New certification requirements applying as from the principal appointed day

      1. 133.New requirements for contracted-out schemes

    3. Reduction in State scheme contributions, payment of rebates and reduction in State scheme benefits

      1. 134.State scheme contributions and rebates

      2. 135.Minimum contributions towards appropriate personal pension schemes

      3. 136.Money purchase and personal pension schemes: verification of ages.

      4. 137.Reduction in benefits for members of certified schemes

    4. Premiums and return to State scheme

      1. 138.State scheme, etc. premiums and buyback into State scheme

    5. Protected rights

      1. 139.Interim arrangements for giving effect to protected rights

      2. 140.Requirements for interim arrangements

      3. 141.Interim arrangements: supplementary

      4. 142.Extension of interim arrangements to occupational pension schemes

      5. 143.Discharge of protected rights on winding up: insurance policies

    6. Miscellaneous

      1. 144.Monitoring personal pension schemes

      2. 145.Earner employed in more than one employment

      3. 146.Hybrid occupational pension schemes

    7. Minor and consequential amendments

      1. 147.Minor and consequential amendments related to Articles 133 to 146


    1. Transfer values

      1. 148.Extension of scope of right to cash equivalent

      2. 149.Right to guaranteed cash equivalent

      3. 150.Right to guaranteed cash equivalent: supplementary

    2. Penalties

      1. 151.Breach of regulations under the Pension Schemes Act

    3. Pensions Ombudsman

      1. 152.Employment of staff by the Pensions Ombudsman

      2. 153.Jurisdiction of Pensions Ombudsman

      3. 54.Allowances

      4. 155.Disclosing information

      5. 156.Interest on late payment of benefit

    4. Modification and winding up of schemes

      1. 157.Repeal of sections 132 to 139 of Pension Schemes Act

    5. Personal pensions

      1. 158.Annual increase in rate of personal pension

      2. 159.Article 158: supplementary

      3. 160.Power to reject notice choosing appropriate personal pension scheme

    6. Levy

      1. 161.Levy

    7. Pensions on divorce, etc.

      1. 162.Pensions on divorce, etc.

    8. Official and public service pensions

      1. 163.Equal treatment in relation to official pensions

      2. 164.Information about public service schemes

    9. General minor and consequential amendments

      1. 165.General minor and consequential amendments

    10. Subordinate legislation, etc.

      1. 166.Orders and regulations (general provisions)

      2. 167.Assembly, etc. control of orders and regulations

      3. 168.Repeals

  7. Signature


    1. Schedule 1

      Amendments consequential on Part II.

    2. Schedule 2


      1. Part I Pensionable ages for men and women.

      2. Part II Entitlement to certain pension and other benefits.

      3. Part III Consequential amendments.

    3. Schedule 3

      Amendments relating to Part IV, etc.

    4. Schedule 4

      General Minor and Consequential Amendments.

    5. Schedule 5


      1. Part I Occupational Pensions.

      2. Part II State Pensions, etc.

      3. Part III Certification of Pension Schemes, etc.

      4. Part IV Miscellaneous and General.

  9. Explanatory Note

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