C1C4 Part IIIF9F12Schemes that were contracted-out etc. and Effects on Members’ State Scheme Rights ...
Words in Pt. 3 heading substituted (6.4.2016) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(3), Sch. 13 para. 3(a)
Pt. 3: power to modify conferred (1.6.1996 for certain purposes otherwise 6.4.1997) by S.I. 1995/3213 (N.I. 22), art. 146(1); S.R. 1996/91, art. 2(f); S.R. 1997/192, art. 2
Pt. 3: power to transfer functions conferred (1.4.1999) by 1999 c. 2, s. 23(1)(2)(6); S.I. 1999/527, art. 2(b), Sch. 2
Chapter III Termination of Contracted-out or Appropriate Scheme Status: State Scheme Premiums
State scheme premiums
C2C352 Provisions supplementary to s. 51.
F1F71
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2
F13
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4
F8Where under the rules of the scheme, transfer credits have been allowed—
a
in respect of the earner’s rights under another scheme, or
b
in respect of the earner by reference to the payment of a cash transfer sum (within the meaning of F10Chapter 2 of Part 4ZA ) to the trustees or managers of the scheme by the trustees or managers of another occupational pension scheme,
the reference in section 51(2) to employment which is contracted-out by reference to the scheme shall include references to employment in any period of linked qualifying service which was contracted-out employment by reference to the other scheme.
F45
F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Subject to regulations under paragraph 1 of Schedule 1, service in any employment which ceases with the death of the employer shall be treated for the purposes of section 51(2A) as ceasing immediately before the death
F57
In this section “prescribed” means prescribed by regulations made by the Secretary of State.
F118
Where a premium under section 51 is payable by the Board of the Pension Protection Fund by virtue of a transfer under Article 145 of the Pensions (Northern Ireland) Order 2005 (effect of the Board assuming responsibility for an occupational pension scheme), then, subject to subsection (9), sections 51 to 64 apply with such modifications as may be prescribed in relation to that premium.
9
A premium under section 51 in respect of an earner ceases to be payable if—
a
the liability to pay the premium is transferred to the Board of the Pension Protection Fund by virtue of Article 145 of the Pensions (Northern Ireland) Order 2005, and
b
prescribed requirements are met.
Words in Pt. 3 heading omitted (6.4.2016) by virtue of Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(3), Sch. 13 para. 3(b)