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The Pensions (2008 Act) (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Provisions) Regulations (Northern Ireland) 2012

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Amendment of the Administration Act

2.—(1) The Administration Act is amended in accordance with paragraphs (2) and (3).

(2) In section 132(3A)(1) (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)(2) of the Pensions Act(3))”.

(3) In section 167(1) (interpretation)—

(a)for the definition of “money purchase contracted-out scheme”(4) substitute—

““money purchase contracted-out scheme” is to be construed in accordance with section 176A(5) of the Pensions Act;”;

(b)in the definition of “personal pension scheme”(6) for “section 3” substitute “section 176A(6)”.

(1)

Section 132(3A) was inserted by paragraph 41(b) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993 (c. 49)

(2)

The definition of “abolition date” is inserted by paragraph 34(2)(a) of Schedule 4 to the Pensions Act (Northern Ireland) 2008

(3)

The definition of “the Pensions Act” was inserted by paragraph 42(c) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993

(4)

The definition of “money purchase contracted-out scheme” was inserted by paragraph 42(a) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993

(5)

Section 176A is inserted by paragraph 35 of Schedule 4 to the Pensions Act (Northern Ireland) 2008

(6)

The definition of “personal pension scheme” was amended by paragraph 42(d) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993

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