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The Pensions (2015 Act) (Contributions Equivalent Premium) (Consequential Provision) and (Savings) (Amendment) Order (Northern Ireland) 2016

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2.  In this Order—

“the Board” means the Board of the Pension Protection Fund;

“contracted-out employment” has the meaning given by section 4(1) of the Pension Schemes Act (meaning of “contracted-out employment”, “guaranteed minimum pension” and “minimum payment”);

“contracted-out occupational pension scheme” is a scheme which satisfied the requirements in section 3B(2) of the Pension Schemes Act (meaning of “contracted-out scheme” and “appropriate scheme” etc.);

“guaranteed minimum pension” has the meaning given by section 4 of the Pension Schemes Act;

“HMRC” means the Commissioners for Her Majesty’s Revenue and Customs;

“National Insurance Fund” has the meaning given in section 176(1) of the Pension Schemes Act;

“normal pension age” has the meaning given in section 175 of the Pension Schemes Act;

“pensionable age” has the meaning given in section 176(1)(3) of the Pension Schemes Act;

“relevant person” means—

(a)

in a case where a transfer has been made in relation to the scheme under Article 145 of the 2005 Order (effect of Board assuming responsibility for a scheme), the Board, and

(b)

in all other cases, the trustees or managers of the scheme;

“the second abolition date” has the meaning given in section 3A(4) of the Pension Schemes Act.

(1)

Section 4 was amended by paragraph 16 of Schedule 3 to the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)), paragraph 37 of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671), paragraphs 3 and 46 of Schedule 4 to the Pensions Act (Northern Ireland) 2008 (c. 1 (N.I.)), paragraph 8 of Schedule 7 to the Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.)) and paragraph 2 of Schedule 1 to S.R. 2005 No. 433 and is amended by paragraphs 2 and 7 of Schedule 13 to the Pensions Act (Northern Ireland) 2015

(2)

Section 3B is inserted by paragraph 6 of Schedule 13 to the Pensions Act (Northern Ireland) 2015

(3)

The definition of “pensionable age” was substituted by paragraph 13 of Schedule 2 to the Pensions (Northern Ireland) Order 1995

(4)

Section 3A is inserted by paragraph 6 of Schedule 13 to the Pensions Act (Northern Ireland) 2015

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