Amendment of the Occupational Pension Schemes (Scheme Funding) Regulations
16.—(1) The Occupational Pension Schemes (Scheme Funding) Regulations (Northern Ireland) 2005(1) shall be amended in accordance with paragraphs (2) and (3).
(2) In regulation 17 (exemptions – general)—
(a)in paragraph (1)(l)(2) after “a scheme” insert “or a section of a scheme”;
(b)in paragraph (2) after the definition of “section 615(6) scheme” insert—
““a section of a scheme” means a section of a multi-employer scheme where a specified part or proportion of the assets of the scheme is attributable to that section and cannot be used for the purposes of any other section of the scheme;”.
(3) In Schedule 2 (modifications of the Order and Regulations) in paragraph 8 (schemes under which the rates of contributions are determined by the trustees or managers or by the actuary)—
(a)in sub-paragraph (5)—
(i)after “scheme under which” insert “any of”, and
(ii)for “the rates shown in” substitute “any such rates forming part of”;
(b)in sub-paragraph (6) for “the rates of contributions shown in this schedule” substitute “any rates of contributions forming part of this schedule which the scheme requires me to determine”;
(c)in sub-paragraph (7) after “to determine” insert “any of”.
S.R. 2005 No. 568; relevant amending Regulations are S.R. 2006 No. 297
Paragraph (1)(l) was amended by regulation 5(3)(a) of S.R. 2006 No. 297