The Pensions (2008 Act) (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Provisions) Regulations (Northern Ireland) 2012

Amendment of the Administration Act

2.—(1) The Administration Act is amended in accordance with paragraphs (2) and (3).

(2) In section 132(3A)(1) (annual up-rating of benefits) after “Where a member of” insert “a scheme which was at a time before the abolition date (as defined in section 176(1)(2) of the Pensions Act(3))”.

(3) In section 167(1) (interpretation)—

(a)for the definition of “money purchase contracted-out scheme”(4) substitute—

“money purchase contracted-out scheme” is to be construed in accordance with section 176A(5) of the Pensions Act;;

(b)in the definition of “personal pension scheme”(6) for “section 3” substitute “section 176A(6)”.

(1)

Section 132(3A) was inserted by paragraph 41(b) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993 (c. 49)

(2)

The definition of “abolition date” is inserted by paragraph 34(2)(a) of Schedule 4 to the Pensions Act (Northern Ireland) 2008

(3)

The definition of “the Pensions Act” was inserted by paragraph 42(c) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993

(4)

The definition of “money purchase contracted-out scheme” was inserted by paragraph 42(a) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993

(5)

Section 176A is inserted by paragraph 35 of Schedule 4 to the Pensions Act (Northern Ireland) 2008

(6)

The definition of “personal pension scheme” was amended by paragraph 42(d) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993