The National Employment Savings Trust Order 2010

Interpretation

2.  In this Order—

“the 1999 Act” means the Welfare Reform and Pensions Act 1999(1);

“the 1999 Order” means the Welfare Reform and Pensions (Northern Ireland) Order 1999(2);

“the Act” means the Pensions Act 2008;

“the NI Act” means the Pensions (No. 2) Act (Northern Ireland) 2008(3);

“the corporation” means the National Employment Savings Trust Corporation established under section 75 of the Act(4);

“data” and “personal data” have the same meanings as in section 1 of the Data Protection Act 1998(5);

“employers’ panel” means the panel referred to in article 6(2)(b);

“jobholder” has the meaning given by –

(a)

in relation to Great Britain, section 1(1) of the Act; or

(b)

in relation to Northern Ireland, section 1(1) of the NI Act;

“member of the Scheme” means a person who has been admitted as a member of the Scheme under article 19 and whose pension account has not yet been fully discharged through the provision of one or more benefits under article 32;

“members’ panel” means the panel referred to in article 6(2)(a);

“member’s pension account” means an account maintained by the Trustee for a member of the Scheme comprising–

(a)

the member’s contributions;

(b)

contributions made by any participating employer;

(c)

any sums transferred into the Scheme in respect of the member;

(d)

investment returns; and

(e)

any other amounts paid to the Trustee to be applied to the member’s pension account,

less any expenses and outgoings properly deducted by the Trustee;

“the panels” means the members’ panel and the employers’ panel;

“participating employer” means an employer(6) that has been admitted to participation in the Scheme under article 18;

“pension credit” means a credit–

(a)

in relation to Great Britain, under section 29 of the 1999 Act; or

(b)

in relation to Northern Ireland, under Article 26 of the 1999 Order;

“qualifying arrangement” has the same meaning–

(a)

in relation to Great Britain, as in paragraph 6(1) of Schedule 5 to the 1999 Act; or

(b)

in relation to Northern Ireland, as in paragraph 6(1) of Schedule 5 to the 1999 Order;

“rules” means rules made under section 67 of the Act;

“the Scheme” means the pension scheme established by article 3(1); and

“the Trustee” means the person appointed as trustee of the Scheme.

(1)

1999 c.30.

(2)

S.I. 1999/3147 (N.I. 11).

(3)

2008 c.13 (N.I.).

(4)

The corporation was so named by S.I. 2010/3.

(5)

1998 c.29. The definition of “data” in section 1 was amended by the Freedom of Information Act 2000 (c. 36), sections 68 and 86 and Schedule 8, Part III.

(6)

“Employer” is defined in section 88 of the Act and section 70 of the NI Act.