The Pensions (2005 Order) (Pensions Compensation Board Transitional Adaptations and Savings) Order (Northern Ireland) 2005

Citation, commencement and interpretation

1.—(1) This Order may be cited as the Pensions (2005 Order) (Pensions Compensation Board Transitional Adaptations and Savings) Order (Northern Ireland) 2005 and shall come into operation on 1st September 2005.

(2) In this Order—

“the Order” means the Pensions (Northern Ireland) Order 2005;

“function of the Pensions Compensation Board” means—

(a)

the review under Article 78 of the 1995 Order(1) (review of Compensation Board’s decisions) of a determination made by the Pensions Compensation Board before 1st September 2005 in relation to a function of the Pensions Compensation Board specified in any of paragraphs (b) to (e);

(b)

the determination under Article 79(4) of the 1995 Order (recoveries of value) as to whether anything received by the trustees of an occupational pension scheme is a recovery of value;

(c)

the determination that Article 79 of the 1995 Order(2) (cases where compensation provisions apply) applies to applications for compensation payments and that such applications comply with the requirements of Article 80 of the 1995 Order (applications for payments);

(d)

the determination of settlement dates, and making pension compensation payments in accordance with Article 81 of the 1995 Order(3) (amount of compensation);

(e)

the determination as to when to make payments in anticipation under Article 82 of the 1995 Order (payments made in anticipation);

(f)

for the purposes of Article 2(2) of this Order, the functions specified in paragraphs (a) to (e) and any determination in relation to an application for a pension compensation payment made under Article 80 of the 1995 Order where the circumstances in article 4(7) of the Pensions Act 2004 (Commencement No. 6, Transitional Provisions and Savings) Order 2005(4) apply.

“the Pensions Compensation Board” means the Pensions Compensation Board established under section 78 of the Pensions Act 1995(5) (the Compensation Board).

Transitional adaptations

2.—(1) Where anything which, immediately before 1st September 2005, is in the process of being done by, or in relation to, the Pensions Compensation Board pursuant to, or for the purposes of, any function of the Pensions Compensation Board is continued by, or in relation to, the Board pursuant to, or for the purposes of, that function, Articles 78 to 82 of the 1995 Order shall be read as if references to “the Compensation Board” were references to “the Board of the Pension Protection Fund”.

(2) Where any function of the Pensions Compensation Board falls to be exercised by the Board, Schedule 8 to the Order (reviewable matters) shall be modified as if after paragraph 30 there were added the following paragraph—

“31.   Any determination by the Board, or any failure by the Board, to exercise any function of the Pensions Compensation Board under Articles 79 to 82 of the 1995 Order (compensation provisions) where any such function is exercised by the Board as if it were a function of the Board conferred on it under, or by virtue of, this Order.”.

Savings

3.  Subject to the transitional adaptations in Article 2(1), Articles 78 to 82 of the 1995 Order shall, so far as is required for the purpose of giving effect to Article 2(1), continue to have effect as they were in operation immediately before their repeal by Schedule 11 to the Order.

Sealed with the Official Seal of the Department for Social Development on 8th August 2005.

L.S.

John O'Neill

A senior officer of the

Department for Social Development