These regulations amend the Local Government (Superannuation) Regulations (Northern Ireland) 1992 (“the principal Regulations”).

Regulation 2, which has effect from 6th April 1988, removes a provision in the principal Regulations dealing with the interchange of funds which prevented, with two exceptions, the payment of transfer values between public sector schemes which participate in public sector transfer arrangements for persons who ceased employment before 31st March 1972.

Article 14 of the Superannuation (Northern Ireland) Order 1972 confers express powers to make regulations retrospective in effect. These regulations are retrospective, however, no one will be adversely affected by the retrospective amendment.