Pensions Act (Northern Ireland) 2012

(7A) Where the commencement of periodic compensation has been postponed by virtue of paragraph 16A, this paragraph applies as if the transferee first becomes entitled to the periodic compensation on the day on which the periodic compensation commences.

.

36

In paragraph 20 (Board's power to alter rates of revaluation and indexation) after sub-paragraph (5) insert—

(5A) A determination under sub-paragraph (1)(b) which has effect as mentioned in sub-paragraph (5)(b)(ii) may provide that, where the payment of periodic compensation to the transferee is postponed by virtue of paragraph 16A, the determination applies as if the transferee first becomes entitled to the periodic compensation on the day on which the periodic compensation commences.

.

Calculation of compensation: admissible rules etc.

37

• (1) Schedule 6 to the Pensions (Northern Ireland) Order 2005 (pension compensation provisions) is amended as follows.

• (2) In paragraph 3(6) (pensions in payment at assessment date) for “35(3)” substitute “ 35(3A) ”.

• (3) In paragraph 5(5) (pensions postponed at assessment date) for “35(3)”substitute “ 35(3A) ”.

• (4) In paragraph 35 (admissible rules, recent discretionary increases etc.)—

• (a) for sub-paragraph (3) substitute—

(3) This sub-paragraph applies to a scheme if, in calculating the protected liabilities in relation to the scheme at the relevant time, the effect of taking into account any recent rule changes is that those liabilities are greater than they otherwise would be. (3A) This sub-paragraph applies to a scheme if, in calculating the protected liabilities in relation to the scheme at the relevant time, the effect of taking into account any recent discretionary increases is that those liabilities are greater than they otherwise would be.

, and

• (b) in sub-paragraph (4) for “sub-paragraph (3)” substitute “ sub-paragraphs (3) and (3A) ”.

Equalisation of and increase in pensionable age for men and women

Abolition of certain additions to the state pension

Consolidation of additional pension

Automatic re-enrolment where scheme membership interrupted

Postponement or disapplication of automatic enrolment

Timing of automatic re-enrolment

Review of earnings trigger and qualifying earnings band

Qualifying schemes: administration charges

Test scheme standard for schemes that produce sum of money for provision of benefits

Certification that alternative to quality requirement is satisfied

Certification for non-UK schemes

Transitional period for defined benefits and hybrid schemes to be optional

Arrangements where transitional conditions cease to be satisfied

Power of managers to modify by resolution

No indemnification for civil penalties

Power to exempt certain cross-border employment from enrolment duty

Indexation and revaluation

Indexation requirements for cash balance benefits

Pension Protection Fund

Contribution notices and financial support directions

Technical amendment to Schedule 4 to the Pensions Act (Northern Ireland) 2008

Definition of money purchase benefits

Transitional

Grants by the Department to advisory bodies etc.

Commencement

Editorial notes

[^c21291241]: S. 5 partly in operation; s. 5 in operation for certain purposes at 2.6.2012 see s. 34(1)

[^c21291261]: S. 7 partly in operation; s. 7 in operation for certain purposes at 2.6.2012 see s. 34(1)

[^c21291281]: S. 8 partly in operation; s. 8 in operation for certain purposes at 2.6.2012 see s. 34(1)

[^c21291301]: S. 10 partly in operation; s. 10 in operation for certain purposes at 2.6.2012 see s. 34(1)

[^c21291341]: S. 12 partly in operation; s. 12 in operation for certain purposes at 2.6.2012 see s. 34(1)

[^c21291371]: S. 13 partly in operation; s. 13 in operation for certain purposes at 2.6.2012 see s. 34(1)

[^c21291381]: S. 14 partly in operation; s. 14 in operation for certain purposes at 2.6.2012 see s. 34(1)

[^c21291391]: S. 15 partly in operation; s. 15 in operation for certain purposes at 2.6.2012 see s. 34(1)

[^c21291401]: S. 16 partly in operation; s. 16 in operation for certain purposes at 2.6.2012 see s. 34(1)

[^key-d8597ce4cecce58c2f1cf86990df0367]: S. 10 in operation at 7.6.2012 in so far as not already in operation by S.R. 2012/233, art. 2(1)(a)

[^key-f98e1f81f699f30a67125d310ff16c21]: S. 13 in operation at 7.6.2012 in so far as not already in operation by S.R. 2012/233, art. 2(1)(b)

[^key-a4a7f9841e0f3fde2754a088eb725c33]: S. 14 in operation at 7.6.2012 in so far as not already in operation by S.R. 2012/233, art. 2(1)(c)

[^key-4274ac2fce65d94a1e0f6c2e3205b556]: S. 2 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(a)

[^key-b0af3b633f200547cffda3737575ab6d]: S. 3(5) in operation at 7.6.2012 for specified purposes by S.R. 2012/233, art. 2(2)(c)

[^key-11e76caf5007b468de497a5cfffdbd49]: S. 3(7) in operation at 7.6.2012 for specified purposes by S.R. 2012/233, art. 2(2)(c)

[^key-5e7f912526c574ec9946e0be122ff791]: S. 9 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(d)

[^key-7498b38f98d9de74b0405ecb46397411]: S. 20 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(e)

[^key-276fd0121d2042c9fadb38f04376c431]: S. 21 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(f)

[^key-27f34d8ae10572a4d1fe175ec1a460ba]: S. 24 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(g)

[^key-3b6bb3001701e9931c8dc3c8a83fd083]: S. 32 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(h)

[^key-ece0abdffe3dd6cd48da20185db46273]: S. 33(2) in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(i)

[^key-36927acd3368b352a4ae7c9b47b171b7]: Sch. 4 para. 19 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(k)(iv)

[^key-bdccdfd3405b8c169fba1d9e0f2de533]: Sch. 4 para. 20 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(k)(iv)

[^key-817c2f6ec1b3bc97a04342c0caf1605b]: Sch. 4 para. 37 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(k)(v)

[^key-003ce5704fda9b8bf1e13b2ade5f1111]: S. 22 in operation at 7.6.2012 for specified purposes by S.R. 2012/233, art. 2(2)(k)

[^key-5f66fe2f1ac456433f00218bb95561cb]: Sch. 4 para. 1 in operation at 7.6.2012 for specified purposes by S.R. 2012/233, art. 2(2)(k)(i)

[^key-9f05079e1bce9a7bc077187d7ea308ca]: Sch. 4 para. 17 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(k)(ii)

[^key-877f93e8449580a8a09c65aa346d1d3d]: Sch. 4 para. 18 in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(k)(iii)

[^key-5cab3484e7688548d004938e19f169e0]: S. 3(1)-(4) (9) (10) in operation at 7.6.2012 by S.R. 2012/233, art. 2(2)(b)

[^key-c09a107996f99e22f26ba3692a67e695]: S. 3(6)(8) in operation at 7.6.2012 for specified purposes by S.R. 2012/233, art. 2(2)(j)

[^key-b593221396b4cd4fbfc0e6f23aebeda5]: S. 5 in operation at 30.6.2012 in so far as not already in operation by S.R. 2012/265, art. 2(1)(a)

[^key-43b7776764ee05f5b8eedc4ff5a813ed]: S. 7 in operation at 30.6.2012 in so far as not already in operation by S.R. 2012/265, art. 2(1)(b)

[^key-8da90184064bb5ec70bc65d8312f3b89]: S. 12 in operation at 30.6.2012 in so far as not already in operation by S.R. 2012/265, art. 2(1)(c)

[^key-e67779aa8f464485aca920391048c6a4]: S. 15 in operation at 30.6.2012 in so far as not already in operation by S.R. 2012/265, art. 2(1)(d)

[^key-0818a3789f20e0d2a9cd664957db5ae9]: S. 16 in operation at 30.6.2012 in so far as not already in operation by S.R. 2012/265, art. 2(1)(e)

[^key-f58b185a25d8f4d9b783bfe44174733b]: S. 6 in operation at 30.6.2012 by S.R. 2012/265, art. 2(2)(a)

[^key-ed8821c0483db197c050f44481dd01f3]: S. 17 in operation at 30.6.2012 by S.R. 2012/265, art. 2(2)(b)

[^key-fc10d371863b813a0a2ef44e906defa8]: S. 18 in operation at 30.6.2012 by S.R. 2012/265, art. 2(2)(c)

[^key-21453ba41278541c3be5c29520e0cdaa]: S. 33(1) in operation at 30.6.2012 by S.R. 2012/265, art. 2(1)(f)

[^key-8553e1e2dd312501669bde380b8b6288]: Sch. 4 para. 5 in operation at 2.7.2012 for specified purposes and 23.7.2012 in so far as not already in operation by S.R. 2012/265, art. 2(3)(a)(ii)

[^key-9c6a5dfdb8b885b410f5c237c91b8e1a]: Sch. 4 para. 6 in operation at 2.7.2012 for specified purposes and 23.7.2012 in so far as not already in operation by S.R. 2012/265, art. 2(3)(a)(ii)

[^key-d5fe9ce5900e6631d1f2e915f722e8f7]: Sch. 4 para. 9 in operation at 2.7.2012 for specified purposes and 23.7.2012 in so far as not already in operation by S.R. 2012/265, art. 2(3)(a)(ii)

[^key-c1ce15242731b5b02a7f3137cdc32002]: Sch. 4 para. 14 in operation at 2.7.2012 for specified purposes and 23.7.2012 in so far as not already in operation by S.R. 2012/265, art. 2(3)(a)(iii)

[^key-33543b5fe2062f8c9bfdec25b5a5c470]: Sch. 4 para. 2 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(ii)

[^key-3e409d3b9ea8669eb4b1cafdd4ed2d2f]: Sch. 4 para. 3 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(ii)

[^key-92d2be10a66a0f36051f46d1849bec13]: Sch. 4 para. 4 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(ii)

[^key-679733d4fa422589e016134349ee7824]: Sch. 4 para. 7 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(ii)

[^key-efcea8c4eb681b2844235fc2c4ecaabf]: Sch. 4 para. 8 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(ii)

[^key-b3e388ed07bee2e9ef3a645a81cafecd]: Sch. 4 para. 10 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(ii)

[^key-86ff22e00bd72d884ab21c45f1437f18]: Sch. 4 para. 11 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(ii)

[^key-40bef80a188316ddd02c8b22179a8d13]: Sch. 4 para. 12 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(ii)

[^key-386f63c4f2ce1f6053980094972d916f]: Sch. 4 para. 15 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(iii)

[^key-3a0ac9904edffbe1864aeea6d9421ecc]: Sch. 4 para. 16 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(iii)

[^key-3f14e2c81557601b8359f6172f88aac4]: Sch. 4 para. 13 in operation at 23.7.2012 by S.R. 2012/265, art. 2(4)(a)(ii)

[^M_I_c2d823a4-5cb6-4065-e61e-33a182f3c978]: S. 22 in operation at 2.7.2012 for specified purposes and 23.7.2012 for further specified purposes by S.R. 2012/265, art. 002(03)(b)(04)(b)

[^M_I_6956d477-9f12-418c-a6f8-b03eadb67207]: Sch. 4 para. 1 in operation at 2.7.2012 for specified purposes and 23.7.2012 for further specifed purposes by S.R. 2012/265, art. 2(3)(a)(i)(4)(a)(i)

[^key-335ec707632584fdb2f2adfbe29c7285]: S. 22 in operation at 27.3.2013 in so far as not already in operation by S.R. 2013/83, art. 2

[^key-4ccb0a86fcbda02c3a10970dc2379302]: Sch. 4 para. 1 in operation at 27.3.2013 in so far as not already in operation by S.R. 2013/83, art. 2(b)(i)

[^key-4b767a23f6852cbe193a998745d20614]: Sch. 4 para. 21 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(ii)

[^key-dfe65892fdfe90ee00c1b907e0980897]: Sch. 4 para. 22 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(ii)

[^key-ce1608be361f18a38a304c6de52d3512]: Sch. 4 para. 23 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(ii)

[^key-4a060526bdc88bdf5d131880e8dfcecd]: Sch. 4 para. 24 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(ii)

[^key-c1f1db6ba26adc2a6f28877398a59cfd]: Sch. 4 para. 25 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(ii)

[^key-7e4088bc40b1145bd4160f569ecd633e]: Sch. 4 para. 26 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(ii)

[^key-47c92e747b7c41869bbd12b004be5c36]: Sch. 4 para. 27 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(ii)

[^key-4ff61f4e259affba76465a4ceb76fa15]: Sch. 4 para. 28 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(ii)

[^key-44f835e760ce85352712fc9358b42b11]: Sch. 4 para. 29 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(iii)

[^key-1c841f442528c1812bcbb8186f832086]: Sch. 4 para. 30 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(iii)

[^key-97473501a960c9c87eb273c221299441]: Sch. 4 para. 31 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(iii)

[^key-868df37cfdbd870d651419063592e488]: Sch. 4 para. 32 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(iii)

[^key-6411cbae94db64cfd79d3212bd59c0f8]: Sch. 4 para. 33 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(iii)

[^key-ccf543e26a1045a4ee1d0b2a927c9f42]: Sch. 4 para. 34 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(iii)

[^key-297dd723463e1f89a4373b7ae9d5ce40]: Sch. 4 para. 35 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(iii)

[^key-b2434fd9b7b788c2cd9b9b84701b24ee]: Sch. 4 para. 36 in operation at 27.3.2013 by S.R. 2013/83, art. 2(b)(iii)

[^key-123754abb27750d7ef9393853ee9f207]: S. 27 in operation at 24.7.2014 by S.R. 2014/203, art. 2

[^key-bdf680b45054c73e243413fad2deadf5]: S. 8 in operation at 1.4.2015 in so far as not already in operation by S.R. 2015/206, art. 2

[^key-603f31f2b3771bb3df08b6b957d9a387]: S. 4 repealed (16.7.2015) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(3), Sch. 12 para. 82(b); S.R. 2015/307, art. 2(1)(k)

[^key-2405576be7601e4e16969fb064c9c343]: S. 11 repealed (16.7.2015) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(1), Sch. 18 para. 12; S.R. 2015/307, art. 2(1)(n)

[^key-48b2d23b4f66fbf276559dd51f216e2b]: S. 19 repealed (16.7.2015) by Pensions Act (Northern Ireland) 2015 (c. 5), ss. 37(3)(c), 53(1); S.R. 2015/307, art. 2(1)(c)

[^key-e5ba24a62346a9d346a2869d7a36c243]: Sch. 3 repealed (16.7.2015) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(3), Sch. 12 para. 82(b); S.R. 2015/307, art. 2(1)(k)

[^key-ff56fb4e1a3d44e1c7fac04cfdca4cde]: Sch. 2 repealed (6.4.2016 unless brought into operation earlier by an order under s. 53(1) of the amending Act) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(3), Sch. 12 para. 82(a)

[^key-228fa6590840eed045015b2b5cdd6f79]: S. 3(5)-(9) repealed (6.4.2016 unless brought into operation earlier by an order under s. 53(1) of the amending Act) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(3), Sch. 12 para. 82(a)

[^key-c7f16dd0724e9003dbd93d428cd44371]: Words in s. 30(1)(a) substituted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in operation) by Pension Schemes Act 2021 (c. 1), ss. 57(2)(a)(i), 131(2)(a)(3)(a); S.R. 2022/197, art. 3(a)

[^key-e7363f617e062311ce100c42cd17aa0b]: S. 30(1)(b) and word inserted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in operation) by Pension Schemes Act 2021 (c. 1), ss. 57(2)(a)(ii), 131(2)(a)(3)(a); S.R. 2022/197, art. 3(a)

[^key-01f9963efd1efce457564311d926782a]: Words in s. 30(2) inserted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in operation) by Pension Schemes Act 2021 (c. 1), ss. 57(2)(b), 131(2)(a)(3)(a); S.R. 2022/197, art. 3(a)

[^key-6190301d5332b073908698a27d142bc3]: Sch. 4 para. 23(9) omitted (31.12.2023) by virtue of The Pensions (Pension Protection Fund Compensation) (Northern Ireland) Regulations 2023 (S.I. 2023/1312), regs. 1(2), 5

Certification that alternative to quality requirement is satisfied

Certification for non-UK schemes

Transitional period for defined benefits and hybrid schemes to be optional

Arrangements where transitional conditions cease to be satisfied

Power of managers to modify by resolution

No indemnification for civil penalties

Power to exempt certain cross-border employment from enrolment duty

Indexation and revaluation

Indexation requirements for cash balance benefits

Pension Protection Fund

Contribution notices and financial support directions

Technical amendment to Schedule 4 to the Pensions Act (Northern Ireland) 2008

Definition of money purchase benefits

Transitional

Grants by the Department to advisory bodies etc.

Commencement