The National Employment Savings Trust Order 2010 No. 917

PART 1U.K.General

InterpretationU.K.

2. In this Order—

“the 1999 Act” means the Welfare Reform and Pensions Act 1999(1);

“the 1999 Order” means the Welfare Reform and Pensions (Northern Ireland) Order 1999(2);

“the Act” means the Pensions Act 2008;

“the NI Act” means the Pensions (No. 2) Act (Northern Ireland) 2008(3);

[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;]

“the corporation” means the National Employment Savings Trust Corporation established under section 75 of the Act(4);

F2...;

“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;

[F3“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;

[F4“personal data” has the same meaning as in Parts 5 to 7 of the Data Protection Act 2018 (see section 3(2) and (14) of that Act).]

“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;

[F5“qualifying person” and “qualifying self-employed person” have the same meanings as—