- Latest available (Revised)
- Original (As made)
The Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1996
You are here:
- 1996 No. 619
- Part VI
- Regulation 19
What Version
Status:
This is the original version (as it was originally made). Northern Ireland Statutory Rules are not carried in their revised form on this site.
Hybrid schemes
19.—(1) In this regulation “hybrid scheme” means a scheme which is a salary related scheme but under which some of the benefits which may be provided are money purchase benefits.
(2) In relation to a hybrid scheme—
(a)section 89A(1) shall have effect as if after “benefits” there were inserted “other than money purchase benefits”;
(b)section 90(1)(a) shall have effect as if the words “other than a salary related scheme” were omitted and as if for “any benefits” there were substituted “any money purchase benefits”; and
(c)section 92(1)(a) (further provisions concerning exercise of option under section 91) shall have effect as if it read “in relation to both the whole of his guaranteed cash equivalent and the whole of any other cash equivalent such as is mentioned in section 90(1)(a);”.
Options/Help
Print Options
Print The Whole Rule
Print The Whole Part
Print This Section only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Opening Options
Different options to open legislation in order to view more content on screen at once