SCHEDULES

SCHEDULE 5 N.I.PENSION CREDITS: MODE OF DISCHARGE

Modifications etc. (not altering text)

C1 Sch. 5 modified (1.8.2006) by Pension Protection Fund (Pension Sharing) Regulations (Northern Ireland) 2006 (S.R. 2006/282), reg. 2(2)(d)

General N.I.

14.  In this Schedule— N.I.

• “funded”, in relation to an occupational pension scheme, means that the scheme meets its liabilities out of a fund accumulated for the purpose during the life of the scheme;

• “public service pension scheme” has the same meaning as in the Pension Schemes Act.