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STATUTORY RULES OF NORTHERN IRELAND


2006 No. 311

FAMILY LAW

PENSIONS

CIVIL PARTNERSHIP

The Dissolution etc. (Pension Protection Fund) Regulations (Northern Ireland) 2006

  Made 19th July 2006 
  To be laid before Parliament
  Coming into operation 14th August 2006 

The Lord Chancellor makes the following Regulations in exercise of the powers conferred by paragraphs 27, 30 and 31 of Schedule 15 to the Civil Partnership Act 2004[1].

Citation, commencement and interpretation
     1. —(1) These Regulations may be cited as the Dissolution etc. (Pension Protection Fund) Regulations (Northern Ireland) 2006 and shall come into operation on 14th August 2006.

    (2) In these Regulations—

Modification of paragraph 20(4)
    
2. Paragraph 20(4) is modified so that, in relation to a modified pension attachment order, it applies as if—

Modification of orders made in pursuance of paragraph 20(5)
    
3. —(1) This regulation applies in relation to an order under Part 1 of Schedule 15 if—

    (2) The order is to have effect from the time when the trustees or managers of the scheme receive the transfer notice as if—

Variation and appeal of pension sharing or pension attachment orders
    
4. —(1) This regulation applies where—

    (2) Where this regulation applies, the following provisions of Schedule 15 are modified so that they apply as if—

Modification of the Dissolution etc. (Pensions) Regulations (Northern Ireland) 2005
    
5. The Dissolution etc. (Pensions) Regulations (Northern Ireland) 2005[2] are modified so that, in relation to a modified pension attachment order, they apply as if—



Signed by the authority of the Lord Chancellor


Bridget Prentice
Parliamentary Under-Secretary of State Department for Constitutional Affairs

Dated 19th July 2006



EXPLANATORY NOTE

(This note is not part of the Regulations)


These Regulations provide for—

The Pension Protection Fund was established by the Pensions Act 2004 (c.35) ("the Pensions Act"). The Board pays compensation to members of certain pension schemes when a qualifying insolvency event in relation to the employer occurs and where there are insufficient assets in the pension scheme to cover the levels of compensation which would be payable by the Board under the Pensions Act or the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I.1)).


Notes:

[1] 2004 c.33.back

[2] S.R. 2005 No. 484.back

[3] S.R. 2005 No. 129 as amended by S.R. 2005 No. 357, S.R. 2005 No. 381 and S.R. 2006 No. 140.back



ISBN 0 337 96590 0


 © Crown copyright 2006

Prepared 25 July 2006


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URL: http://www.bailii.org/nie/legis/num_reg/2006/20060311.html