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The Occupational Pension Schemes (Early Leavers: Cash Transfer Sums and Contribution Refunds) Regulations (Northern Ireland) 2006
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- Northern Ireland Statutory Rules
- 2006 No. 49
- Regulation 3
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Contribution refund: investments etc.
3. For the purposes of these Regulations, where under the rules of the scheme—
(a)interest is payable on a member’s employee contributions to the scheme, the amount of the contribution refund shall be increased by the interest so payable, or
(b)a member’s employee contributions to the scheme fall to be invested and the member is entitled to the surrender value of the investments derived from those contributions, the amount of the contribution refund shall be increased or, as the case may be, reduced to the amount of that surrender value,
and in the following provisions of these Regulations references to a contribution refund are, where applicable, to the contribution refund as so increased or, as the case may be, reduced.
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