Pension Schemes Act (Northern Ireland) 2016

This section has no associated Explanatory Notes

21.—(1) Article 2 (interpretation) is amended as follows.

(2) In paragraph (2)—

(a)at the appropriate places insert—

“collective benefit” has the meaning given by section 8 of the Pension Schemes Act (Northern Ireland) 2016;;

“defined benefits scheme” has the meaning given by section 2 of the Pension Schemes Act (Northern Ireland) 2016;;

“defined contributions scheme” has the meaning given by section 4 of the Pension Schemes Act (Northern Ireland) 2016;;

“occupational”, in relation to a defined benefits scheme, shared risk scheme or defined contributions scheme, means an occupational pension scheme of that description;;

“shared risk scheme” has the meaning given by section 3 of the Pension Schemes Act (Northern Ireland) 2016;;

(b)omit the definition of “money purchase scheme”.

(3) In paragraph (4)—

(a)in sub-paragraph (a), after paragraph (ix) insert—

(x)regulations made under Schedule 17 to the Pensions Act (Northern Ireland) 2015;

(xi)regulations made under Schedule 18 to the Pensions Act (Northern Ireland) 2015;

(xii)regulations made under Part 2 of the Pension Schemes Act (Northern Ireland) 2016.;

(b)in sub-paragraph (b), after paragraph (vii) insert—

(viii)regulations made under paragraph 16 of Schedule 17 to the Pensions Act (Northern Ireland) 2015;

(ix)regulations made under paragraph 6 of Schedule 18 to the Pensions Act (Northern Ireland) 2015;

(x)regulations made under section 34 of the Pension Schemes Act (Northern Ireland) 2016..