The Contracting-out, Protected Rights and Safeguarded Rights (Transfer Payment) (Amendment) Regulations (Northern Ireland) 2005

Amendment of the Contracting-out (Transfer and Transfer Payment) Regulations

3.—(1) The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996(1) shall be amended in accordance with paragraphs (2) and (3).

(2) In regulation 6(2) (transfer payments in respect of guaranteed minimum pensions to overseas schemes) –

(a) after “an overseas scheme” there shall be inserted “or an overseas arrangement”;

(b) in paragraph (b), for the words from “the earner” to the end there shall be substituted “, where the receiving scheme is an occupational pension scheme, the earner is in employment to which the receiving scheme applies”, and

(c) in paragraph (d) –

(i) after “the scheme” there shall be inserted “or arrangement”, and

(ii) after “receiving scheme” there shall be inserted “or arrangement”;

(d) in paragraph (e) after “receiving scheme” there shall be inserted “or arrangement”.

(3) In regulation 11(b) (transfer payments to overseas schemes or arrangements in respect of section 5(2B) rights) –

(a) the words from “the earner” to “and” shall be omitted, and

(b) for “that he” there shall be substituted “the earner”.

(1)

S.R. 1996 No. 618; relevant amending regulations are S.R. 1997 No. 160

(2)

Regulation 6 was amended by paragraph 10(3) of the Schedule to S.R. 1997 No. 160