The Occupational Pension Schemes (Discharge of Liability) Regulations (Northern Ireland) 1997

Part I General

Citation, commencement and interpretation

1.—(1) These Regulations may be cited as the Occupational Pension Schemes (Discharge of Liability) Regulations (Northern Ireland) 1997 and shall come into operation on 6th April 1997.

(2) In these Regulations—

“the Act” means the Pension Schemes (Northern Ireland) Act 1993;

“actuary” means—

(a)

a Fellow of the Institute of Actuaries; or

(b)

a Fellow of the Faculty of Actuaries; or

(c)

a person with actuarial qualifications who is approved by the Department;

“the Order” means the Pensions (Northern Ireland) Order 1995(1);

“relevant scheme” has the same meaning as in section 8C(2);

“supplementary credits” has the same meaning as in section 71;

“trustees”, in relation to an occupational pension scheme which is not set up or established under a trust, means the managers of that scheme.

(3) The Interpretation Act (Northern Ireland) 1954(2) shall apply to these Regulations as it applies to a Measure of the Assembly.

(4) In these Regulations any reference—

(a) to a numbered section is a reference to the section of the Act bearing that number; and

(b) to a numbered Article is a reference to the Article of the Order bearing that number.

(1)

S.I. 1995/3213 (N.I. 22)

(2)

1954 c. 33 (N.I.)