SCHEDULES
SCHEDULE 4Regulatory oversight
I12
1
Article 2 (general interpretation) is amended as follows.
2
In paragraph (2), after the definition of “occupational pension scheme” insert—
“pension board” has the same meaning as in the Public Service Pensions Act (Northern Ireland) 2014 (see section 5 of that Act);
3
After the definition of “professional adviser” in that paragraph insert—
“public service pension scheme” means, subject to paragraph (6A)—
a
a scheme under section 1 of the Public Service Pensions Act (Northern Ireland) 2014 (new public service schemes);
b
a new public body pension scheme (within the meaning of that Act);
c
any statutory pension scheme which is connected with a scheme referred to in paragraph (a) or (b) (and for this purpose “statutory pension scheme” and “connected” have the meanings given in that Act);
4
After the definition of “the Regulator” in that paragraph insert—
“scheme manager”, in relation to a public service pension scheme, has the same meaning as in the Public Service Pensions Act (Northern Ireland) 2014 (see section 4 of that Act);
5
After paragraph (6) insert—
6A
A scheme which would otherwise fall within the definition of “public service pension scheme” in paragraph (2) does not fall within that definition if—
a
it is an injury or compensation scheme (within the meaning of the Public Service Pensions Act (Northern Ireland) 2014), or
b
it is specified in an order made by the Department after consulting the Department of Finance and Personnel.