The Pensions (2015 Act) (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order (Northern Ireland) 2016

Amendment of the Additional Pension and Social Security Pensions (Home Responsibilities) (Amendment) Regulations

This section has no associated Explanatory Memorandum

19.—(1) The Additional Pension and Social Security Pensions (Home Responsibilities) (Amendment) Regulations (Northern Ireland) 2001(1) are amended in accordance with paragraphs (2) to (4).

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

(a)after the definition of “the 1994 Regulations” insert—

“appropriate personal pension scheme” means an appropriate scheme within the meaning of section 3B(6) of the Pensions Act;;

(b)for the definition of “contributions equivalent premium” substitute—

“contributions equivalent premium” has the meaning given in section 176(1)(2) of the Pensions Act;;

(c)after the definition of “contributions equivalent premium” insert—

“money purchase contracted-out scheme” has the meaning given in section 3B(5) of the Pensions Act;;

(d)after the definition of “non-contracted-out employment” insert—

“salary related contracted-out scheme” has the meaning given in section 3B(4) of the Pensions Act;.

(3) Omit regulation 1(3).

(4) In regulation 2(a) (calculation of additional pension where contributions equivalent premium paid or treated as paid) after “regulations made thereunder” insert “(as they then had effect)”.

(1)

S.R. 2001 No. 440 to which there are amendments not relevant to this Order

(2)

The definition of “contributions equivalent premium” was amended by paragraph 66 of Schedule 3 to the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) and paragraph 42(6) of Schedule 13 to the Pensions Act (Northern Ireland) 2015