SCHEDULES
SCHEDULE 13ABOLOTION OF CONTRACTING-OUT FOR SALARY RELATED SCHEMES
PART 1PENSION SCHEMES (NORTHERN IRELAND) ACT 1993: AMENDMENTS
I113
1
Before section 9 insert—
8EFormer salary related contracted-out schemes to comply with GMP requirements
1
A scheme that was a salary related contracted-out scheme is to be treated as including whatever provision it needs to contain to comply with the GMP requirements.
2
A scheme complies with the GMP requirements if, in relation to any earner's service before the principal appointed day, it complies in all respects with sections 9 to 20E.
3
Where—
a
a scheme is permitted by any of those sections to include provision subject to certain requirements, and
b
the scheme includes the provision but not the requirements,
the scheme is to be treated by subsection (1) as including the requirements.
4
This section overrides any provision of a scheme to the extent that the provision of the scheme conflicts with it.
2
For the purposes of section 8E it does not matter whether the scheme ceased to be contracted-out when the amendment made by paragraph 5 of this Schedule came into operation or before that time.
3
But section 8E does not treat a scheme as having included any provision before this paragraph comes into operation.