The Personal and Occupational Pension Schemes (Miscellaneous Amendments No. 2) Regulations (Northern Ireland) 1997

Amendment of the Occupational Pension Schemes (Age-related Payments) Regulations

11.  In each of regulations 4 and 7 of the Occupational Pension Schemes (Age-related Payments) Regulations (Northern Ireland) 1997(1) (age-related payments not to be paid if an earner’s age allows his admission only to a money purchase scheme or a money purchase part)—

(a) for “If” there shall be substituted “—(1) Subject to paragraph (2), if”;

(b) at the end there shall be added the following paragraph—

“(2) Paragraph (1) shall not apply if—

(a) the rules of the schemes established by the employer allow an earner to be admitted to a scheme contracted out under section 5(2), or the salary related part of a relevant scheme, only when the earner has reached a specified age; and

(b) on his admission to a scheme established by the employer, the earner has not reached that age.”.

(1)

S.R. 1997 No. 167