Pensions Act (Northern Ireland) 2015 No. 5

SCHEDULES

SCHEDULE 17 N.I. AUTOMATIC TRANSFER OF PENSION BENEFITS ETC.

Prospective

PART 1 N.I. AUTOMATIC TRANSFER OF PENSION BENEFITS

Cash equivalents: calculation and verification N.I.

8—(1) The regulations may provide for the manner in which cash equivalents are to be calculated and verified. N.I.

(2) The regulations may in particular—

(a) provide that a cash equivalent is to be increased or reduced in prescribed circumstances;

(b) make provision about the time by reference to which a cash equivalent is to be calculated for the purposes of a provision of the regulations.

(3) Regulations made because of sub-paragraph (2)(a) may provide for a cash equivalent to be reduced to nil.