2.—(1) The Administration Act is amended in accordance with paragraphs (2) and (3).
(2) In section 132(3A) M1 (annual up-rating of benefits) after “Where a member of” insert “ a scheme which was at a time before the abolition date (as defined in section 176(1) M2 of the Pensions Act M3) ”.
(3) In section 167(1) (interpretation)—
(a)for the definition of “money purchase contracted-out scheme”M4 substitute—
““money purchase contracted-out scheme” is to be construed in accordance with section 176A M5 of the Pensions Act;”;
(b)in the definition of “personal pension scheme”M6 for “section 3” substitute “ section 176A(6) ”.
Marginal Citations
M1Section 132(3A) was inserted by paragraph 41(b) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993 (c. 49)
M2The definition of “abolition date” is inserted by paragraph 34(2)(a) of Schedule 4 to the Pensions Act (Northern Ireland) 2008
M3The definition of “the Pensions Act” was inserted by paragraph 42(c) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993
M4The definition of “money purchase contracted-out scheme” was inserted by paragraph 42(a) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993
M5Section 176A is inserted by paragraph 35 of Schedule 4 to the Pensions Act (Northern Ireland) 2008
M6The definition of “personal pension scheme” was amended by paragraph 42(d) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993