The Pensions (2012 Act) (Transitional, Consequential and Supplementary Provisions) Regulations (Northern Ireland) 2014

Interpretation N.I.

17.—(1) In this Part—

“approved withdrawal arrangement”, “flexible apportionment arrangement”, “multi-employer scheme”, “regulated apportionment arrangement”, “scheme apportionment arrangement” and “withdrawal arrangement” have the same meanings as in regulation 2(1) M1 of the Employer Debt Regulations;

“the effective date” is the date by reference to which the assets of a scheme are valued and the amount of the scheme liabilities is calculated;

“employer” has the same meaning as in Article 75 M2 of the 1995 Order (deficiencies in the assets) and regulations 6 M3 (multi-employer schemes: general) and 9 M4 (frozen schemes and former employers) of the Employer Debt Regulations;

“the Employer Debt Regulations” means the Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 2005 M5 ;

“share of the difference”, in relation to an employer participating in a multi-employer scheme, has the meaning given by regulation 2(1) M6 of the Employer Debt Regulations and includes in particular an employer's share under—

(a)

a scheme apportionment arrangement;

(b)

a withdrawal arrangement;

(c)

a flexible apportionment arrangement;

(d)

an approved withdrawal arrangement, and

(e)

a regulated apportionment arrangement.

Marginal Citations

M1 The definitions of “approved withdrawal arrangement”, “regulated apportionment arrangement” and “scheme apportionment arrangement” were inserted, and the definitions of “multi-employer scheme” and “withdrawal arrangement” were substituted, by regulation 4(2) of S.R. 2008 No. 132; the definition of “flexible apportionment arrangement” was inserted by regulation 4(a)(i) of S.R. 2012 No. 1

M2 Article 75 was amended by Article 248 of the Pensions (Northern Ireland) Order 2005

M3 Regulation 6 was amended by regulation 6 of S.R. 2008 No. 132, regulation 6 of S.R. 2010 No. 111; regulation 6 of S.R. 2012 No. 1 and paragraph 10(c) of the Schedule to S.R. 2012 No. 294

M4 Regulation 9 was substituted by regulation 10 of S.R. 2008 No. 132 and amended by regulation 11 of S.R. 2010 No. 111 and regulation 11 of S.R. 2012 No. 1

M5 S.R. 2005 No. 168

M6 The definition of “share of the difference” was inserted by regulation 4 of S.R. 2008 No. 132