Explanatory Memorandum

Pension Schemes Act (Northern Ireland) 2016

2016 CHAPTER 1

15 January 2016

Commentary on Sections

Part 2 – Collective Benefits

Section 22: Power to impose requirements about dealing with a deficit or surplus

This section provides for regulations to set out circumstances in which a deficit or surplus must be dealt with in a particular way.  The regulations can set out specific things trustees or managers must do and the time within which they must do them.