SCHEDULES

SCHEDULE 5 Transitional Provisions and Savings

Part II Specific Provisions

Contracting-out requirements for schemes providing guaranteed minimum pensions

7

An occupational pension scheme which—

a

at any time before the coming into operation of the first regulations made under—

i

sub-paragraph (a) of paragraph (2) of Article 34 of the M1Social Security Pensions (Northern Ireland) Order 1975 (which corresponded to section 5(2)(a) of this Act), or

ii

paragraph (8) of Article 37 of the Social Security Pensions (Northern Ireland) Order 1975 (which corresponded to section 12(4) of this Act),

did not satisfy that sub-paragraph or, as the case may be, that paragraph; but

b

would have satisfied it if those regulations had then been in operation,

shall, for the purpose of determining whether the scheme satisfied that sub-paragraph or, as the case may be, that paragraph, be treated as if those regulations had been in operation at that time.