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Pensions Act (Northern Ireland) 2015

Background and Policy Objectives

3.This Act makes provision for Northern Ireland corresponding to the Westminster Pensions Act 2014.

4.The Act makes significant reforms to both the state pension system and bereavement benefits, and amends the timetable for increasing pensionable age to 67. It also contains a number of measures relating to private pensions, including a power to provide for a system of automatic transfers of a person’s accrued rights to benefits under a pension scheme to another scheme of which that person is an active member.

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Text created by the Northern Ireland Assembly department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the Northern Ireland Assembly.

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