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The Personal and Occupational Pension Schemes (Preservation of Benefit and Perpetuities) (Amendment) Regulations (Northern Ireland) 1996

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Transitional arrangements — application of uniform accrual to money purchase benefits

4.  Where, prior to the coming into operation of the amendments made by regulation 2(9) and (10), short service benefit which would otherwise have been required to be computed in accordance with uniform accrual has been computed on the same basis as long service benefit, in accordance with a determination of the Occupational Pensions Board under regulation 14(4) of the Occupational Pension Schemes (Preservation of Benefit) Regulations (Northern Ireland) 1991, then, until such time as there is a change in the rules of the scheme affecting the rate at which benefits accrue, the scheme may continue to compute short service benefit on that basis.

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