The Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996

Payable age in salary related contracted-out schemes

21.  For the purposes of section 8D of the Act(1) (regulations may provide for the ages for payment of benefits in salary related contracted-out schemes) in respect of an earner’s service on or after the principle appointed day, schemes must provide for benefits to be paid by reference to an age which is equal for men and women and which—

(a) in the case of a scheme which is exempt approved within the meaning of section 592(1) of the Taxes Act or a scheme which has applied for such approval which has not yet been determined, is permitted under the rules of that scheme in accordance with that approval, or

(b) in the case of a relevant statutory scheme within the meaning of section 611A of the Taxes Act, is permitted under the regulations or rules governing the scheme as a relevant statutory scheme.

(1)

Sections 8C and 8D were inserted by Article 133(5) of the Pensions (Northern Ireland) Order 1995