Pensions (No. 2) Act (Northern Ireland) 2008 No. 13

PART 3 N.I. PENSION COMPENSATION

CHAPTER 1 N.I. PENSION COMPENSATION ON DIVORCE ETC.

Interpretation N.I.

87  In this Chapter—

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

“PPF compensation” means compensation payable under the pension compensation provisions;

“the pension compensation provisions” means—

(a)

Chapter 3 of Part 3 of the 2005 Order (pension protection) and any regulations or order made under it,

(b)

this Chapter and any regulations or order made under it, and

(c)

any provision corresponding to the provisions mentioned in paragraph (a) or (b) in force in Great Britain;

“the relevant order or provision” means the pension compensation sharing order, or provision contained in a qualifying agreement, which gives rise to the pension compensation sharing;

“the transfer day” means the day on which the relevant order or provision takes effect;

“the transferee” means the person for whose benefit the relevant order or provision is made;

“the transferor” means the person to whose rights the relevant order or provision relates.