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The Occupational Pension Schemes (Discharge of Liability) Regulations (Northern Ireland) 1997
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- 1997 No. 159
- Part III
- Regulation 9
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Circumstances in which liability to provide pensions under a relevant scheme may be discharged
9.—(1) The trustees of a relevant scheme may discharge any liability to provide pensions under a relevant scheme where the circumstances specified in paragraph (2) or (3) apply.
(2) The member or, if the member has died, the member’s widow or widower, or if there is no such widow or widower, any person who may be entitled to payment of the pension under the scheme consents in writing to the discharge of liability, and the transaction to discharge the liability—
(a)is to be carried out not earlier than the time when the member’s pensionable service terminates; and
(b)satisfies all the conditions specified in regulation 11.
(3) The member’s employment is to cease to be contracted-out under section 5(2B)(1) (requirements for certification of schemes: general) and the transaction to discharge the liability satisfies all the conditions specified in regulation 11.
(1)
Section 5(2B) was substituted by Article 133(3) of the Pensions (Northern Ireland) Order 1995
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