Amendment of the Occupational Pension Schemes (Winding up, etc.) Regulations
This section has no associated Explanatory Memorandum
23. In regulation 3 of the Occupational Pension Schemes (Winding up, etc.) Regulations (Northern Ireland) 2005(1) (schemes to which Article 73 of the 1995 Order does not apply)—
(a)in paragraph (1)(f)(ii) for “is not contracted-out” substitute “was not contracted-out at any time before the second abolition date”;
(b)after paragraph (2) add—
“(3) In this regulation—
“contracted-out” is to be construed in accordance with section 3B(2) of the Pension Schemes Act;
“the second abolition date” has the meaning given in section 176(1) of the Pension Schemes Act.”.
(1)
S.R. 2005 No. 171 to which there are amendments not relevant to this Order