The Pension Sharing (Safeguarded Rights) Regulations (Northern Ireland) 2000

Made: 26th April 2000

Coming into operation: 1st December 2000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Citation, commencement and interpretation

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Definition of contracted-out rights

2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Requirements for schemes holding safeguarded rights

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Identification of safeguarded rights

4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Valuation of safeguarded rights in money purchase schemes

5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ways of giving effect to safeguarded rights — money purchase schemes

6

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The pension and annuity requirements — money purchase schemes

7

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Insurance companies that may provide safeguarded rights by way of annuities

8

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ways of giving effect to safeguarded rights—salary related schemes

9

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Payable age in salary related contracted-out schemes

10

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investment and resources of safeguarded rights

11

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Suspension and forfeiture of safeguarded rights

12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Signed

Sealed with the Official Seal of the Department for Social Development on 26th April 2000.

John O'Neill — Senior Officer of the — Department for Social Development

Explanatory note

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Footnotes

[^f00001]: 1993 c. 49; sections 64A, 64B and 64D were inserted by Article 33 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I.1999/3147(N.I. 11)). Section 178(1) was amended by paragraph 68 of Schedule 3 to, and Parts III and IV of Schedule 5 to, the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))

[^f00002]: See Article 8(b) of S.R. 1999 No. 481

[^f00003]: S.R. 2000 No. 146

[^f00004]: S.R. 1997 No. 56, to which there are amendments not relevant to these Regulations

[^f00005]: Section 24A was inserted by Article 140 of the Pensions (Northern Ireland) Order 1995

[^f00006]: Section 97B is inserted by Article 34 of the Welfare Reform and Pensions (Northern Ireland) Order 1999

[^f00007]: Section 97P is inserted by Article 34 of the Welfare Reform and Pensions (Northern Ireland) Order 1999

[^f00008]: Section 4(1)(a)(i) was substituted by Article 133(2) of the Pensions (Northern Ireland) Order 1995

[^f00009]: S.R. 1996 No. 493; the definition of “section 5(2B) rights” was substituted by paragraph 5(2) of the Schedule to S.R. 1997 No. 160 and amended by regulation 4(2)(b) of S.R. 1999 No. 486

[^f00010]: 1954 c. 33 (N.I.)

[^f00011]: S.I. 1999/3147 (N.I. 11)

[^f00012]: S.R. 1996 No. 493; regulation 45 was amended by, and paragraph (3A) inserted by, regulation 3(3)(b) of S.R. 1997 No. 162

[^f00013]: Sections 24A and 24B were inserted by Article 140 of the Pensions (Northern Ireland) Order 1995. Section 24B was amended by paragraph 44 of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671)

[^f00020]: Section 5(2B) was inserted by Article 133(3) of the Pensions (Northern Ireland) Order 1995 and amended by paragraph 38(2) of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I.1999/671)

[^f00024]: S.R. 2000 No. 143

Editorial notes