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The Pensions (2008 No. 2 Act) (Commencement No. 5) Order (Northern Ireland) 2011

Type Ni-Statutory-Rule
Publication 2011-03-15
State In force
Jurisdiction Northern Ireland
Department Government Printer for Northern Ireland
Source legislation.gov.uk
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Made: 15th March 2011

The Department for Social Development makes the following Order in exercise of the powers conferred by section 118(1) of the Pensions (No. 2) Act (Northern Ireland) 2008[^f00001].

Citation and interpretation

1

Commencement of provisions

2

SCHEDULE — Provisions of the Act coming into operation on 6th April 2011 in so far as they are not already in operation

Provisions of the Act Subject matter
Section 86 Scope of mechanism
Section 87 Interpretation
Section 88 Activation of pension compensation sharing
Section 89 Creation of pension compensation debits and credits
Section 90 Cash equivalents
Section 91 Reduction of compensation
Section 92 Time for discharge of liability
Section 93 “Implementation period”
Section 94 Discharge of liability
Section 95 Charges in respect of pension compensation sharing costs
Section 96 Supply of information about pension compensation in relation to divorce etc.
Section 97 Supply of information about pension compensation sharing
Section 98 Pension compensation sharing and attachment on divorce etc.
Section 99 Charges in respect of pension sharing etc.
Section 101 Consequential amendments
Schedule 4, paragraphs 1 to 10 and 12 to 20 Pension compensation payable on discharge of pension compensation credit
Schedule 5 Pension compensation on divorce etc.
Part 4 of Schedule 10 and section 116 in so far as it relates to that Part Repeals

Signed

Sealed with the Official Seal of the Department for Social Development on 15th March 2011

Anne McCleary — A senior officer of the Department for Social Development

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

This Order brings into operation section 63 of the Pensions (No. 2) Act (Northern Ireland) 2008 (“the Act”) on 16th March 2011. Section 63 amends Article 4(1) of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) to provide a new statutory objective for the Pensions Regulator.

The Order brings section 99 of the Act into operation on 16th March 2011, for the purpose only of conferring power to make regulations. It also brings sections 86 to 99 and 101 of, and Schedule 4 (except paragraph 11), Schedule 5 and Part 4 of Schedule 10 to, the Act into operation, in so far as they are not already in operation, on 6th April 2011. Those sections and Schedules make provision for pension compensation to be shared on divorce, dissolution of a civil partnership or in cases of nullity, for attachment orders to be made on divorce etc. in relation to pension compensation and for the Board of the Pension Protection Fund to recover charges in respect of pension sharing etc.

Footnotes

[^f00001]: 2008 c. 13 (N.I.)

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