PART 1General
Interpretation2.
In this Order—
“the Act” means the Pensions Act 2008;
F1“the NI Preservation Regulations” means the Occupational Pension Schemes (Preservation of Benefit) Regulations (Northern Ireland) 1991;
“the Preservation Regulations” means the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991;
“employers’ panel” means the panel referred to in article 6(2)(b);
“jobholder” has the meaning given by –
(a)
in relation to Great Britain, section 1(1) of the Act; or
(b)
in relation to Northern Ireland, section 1(1) of the NI Act;
“member of the Scheme” means a person who has been admitted as a member of the Scheme under article 19 and whose pension account has not yet been fully discharged through the provision of one or more benefits under article 32;
“members’ panel” means the panel referred to in article 6(2)(a);
“member’s pension account” means an account maintained by the Trustee for a member of the Scheme comprising–
(a)
the member’s contributions;
(b)
contributions made by any participating employer;
(c)
any sums transferred into the Scheme in respect of the member;
(d)
investment returns; and
(e)
any other amounts paid to the Trustee to be applied to the member’s pension account,
less any expenses and outgoings properly deducted by the Trustee;
“the panels” means the members’ panel and the employers’ panel;
F2“participating employer” means an employer that has been admitted to participation in the Scheme and, except in articles 8 and 19, may include an employer that was formerly participating in the Scheme;
“pension credit” means a credit–
(a)
in relation to Great Britain, under section 29 of the 1999 Act; or
(b)
in relation to Northern Ireland, under Article 26 of the 1999 Order;
“qualifying arrangement” has the same meaning–
(a)
in relation to Great Britain, as in paragraph 6(1) of Schedule 5 to the 1999 Act; or
(b)
in relation to Northern Ireland, as in paragraph 6(1) of Schedule 5 to the 1999 Order;
F3“qualifying person” and “qualifying self-employed person” have the same meanings as—
(a)
in Great Britain, in regulation 2(1) of the Occupational Pension Schemes (Cross-border Activities) Regulations 2005; or
(b)
in Northern Ireland, in regulation 2(1) of the Occupational Pension Schemes (Cross-border Activities) Regulations (Northern Ireland) 2005;
“quality requirement” means the quality requirement under—
(a)
in relation to Great Britain, Part 1 of the Act; or
(b)
in relation to Northern Ireland, Part 1 of the NI Act;
“rules” means rules made under section 67 of the Act;
“the Scheme” means the pension scheme established by article 3(1); and
“the Trustee” means the person appointed as trustee of the Scheme.