The Pensions (2008 No. 2 Act) (Abolition of Protected Rights) (Consequential Provisions) Order (Northern Ireland) 2012

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

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

(2) In regulation 1(2) (interpretation)—

(a) after the definition of “the 1993 Act” insert—

““abolition date” means the day appointed for the commencement of section 13(1) of the Pensions Act (Northern Ireland) 2008;”;

(b) in the definition of “section 5(2B) rights”(2) at the end of paragraph (b)(ii) add “where that transfer payment was made before the abolition date”.

(3) In regulation 13A(3) (modification of section 8C where transfer payments are made to salary related contracted-out schemes) at the end of paragraph (b) add “where that transfer payment was made before the abolition date”.

(1)

S.R. 1996 No. 618; relevant amending Regulations are S.R. 1997 No. 160 and S.R. 1999 No. 486

(2)

The definition of “section 5(2B) rights” was substituted by paragraph 10(2)(b) of the Schedule to S.R. 1997 No. 160 and amended by regulation 8 of S.R. 1999 No. 486

(3)

Regulation 13A was inserted by paragraph 10(6) of the Schedule to S.R. 1997 No. 160