Pensions Act (Northern Ireland) 2015
Pensions Act (Northern Ireland) 2015 (2015 c. 5 (N.I.))
- Pensions Act (Northern Ireland) 2015 (2015 c. 5 (N.I.))
- PART 1 STATE PENSION
- Introduction
- 1 State pension
- State pension at the full or reduced rate
- 2 Entitlement to state pension at full or reduced rate
- 3 Full and reduced rates of state pension
- State pension at the transitional rate
- 4 Entitlement to state pension at transitional rate
- 5 Transitional rate of state pension
- 6 Recalculation and backdating of transitional rate in special cases
- Transitional entitlement based on contributions of others
- 7 Survivor's pension based on inheritance of additional old state pension
- 8 Choice of lump sum or survivor's pension under section 9 in certain cases
- 9 Survivor's pension based on inheritance of deferred old state pension
- 10 Inheritance of graduated retirement benefit
- Transition: women who have had a reduced rate election
- 11 Reduced rate elections: effect on section 4 pensions
- 12 Reduced rate elections: pension for women with no section 4 pension
- Transition: pension sharing on divorce etc.
- 13 Shared state pension on divorce etc.
- 14 Pension sharing: reduction in the sharer's section 4 pension
- 15 Pension sharing: amendments
- Postponing or suspending state pension
- 16 Pensioner's option to suspend state pension
- 17 Effect of pensioner postponing or suspending state pension
- 18 Section 17 supplementary: calculating weeks, overseas residents, etc.
- Prisoners and overseas residents
- 19 Prisoners
- 20 Overseas residents
- Definitions
- 21 “Old state pension”
- 22 General definitions etc.
- Consequential and other amendments
- 23 Amendments
- 24 Abolition of contracting-out for salary related schemes etc.
- PART 2 OPTION TO BOOST OLD RETIREMENT PENSIONS
- 25 Option to boost old retirement pensions
- PART 3 PENSIONABLE AGE
- 26 Increase in pensionable age to 67
- PART 4 STATE PENSION CREDIT
- 27 State pension credit: phasing out assessed income periods
- 28 Preserving indefinite status of certain existing assessed income periods
- PART 5 BEREAVEMENT SUPPORT PAYMENT
- 29 Bereavement support payment
- 30 Bereavement support payment: contribution condition and amendments
- 31 Bereavement support payment: prisoners
- PART 6 PRIVATE PENSIONS
- Transfer of pension benefits
- 32 Automatic transfer of pension benefits etc.
- 33 Power to prohibit offer of incentives to transfer pension rights
- 34 Expiry of power in section 33
- 35 Short service benefit for scheme member with money purchase benefits
- Automatic enrolment
- 36 Automatic re-enrolment: exceptions where automatic enrolment deferred
- 37 Automatic enrolment: powers to create general exceptions
- 38 Alternative quality requirements for UK defined benefits scheme
- 39 Automatic enrolment: transitional period for hybrid schemes
- 40 Penalty notices under sections 40 and 41 of the Pensions (No. 2) Act etc.
- 41 Unpaid scheme contributions
- Other
- 42 Power to restrict charges or impose requirements in relation to schemes
- 43 Disclosure of information about transaction costs to members etc.
- 44 Power to require pension levies to be paid in respect of past periods
- 45 Prohibition and suspension orders: directors of corporate trustees
- 46 Pensions Regulator's objectives
- 47 Maximum period between scheme returns to be 5 years for micro schemes
- 48 Pension Protection Fund: increased compensation cap for long service
- 49 Pension Protection Fund: compensation cap to apply separately to certain benefits
- PART 7 FINAL PROVISIONS
- 50 Power to make consequential amendments etc.
- 51 Regulations and orders
- 52 Interpretation
- 53 Commencement
- 54 Short title
- SCHEDULES
- SCHEDULE 1 TRANSISTIONAL RATE OF STATE PENSION: CALCULATING THE AMOUNT
- PART 1 INTRODUCTION
- PART 2 AMOUNT FOR PRE-COMMENCEMENT QUALIFYING YEARS
- How to calculate the amount for pre-commencement qualifying years
- Step 1: calculation of the person's pension under the old system
- Step 2: calculation of a pension based on the new system
- Step 4: revaluation
- PART 3 AMOUNT FOR POST-COMMENCEMENT QUALIFYING YEARS
- SCHEDULE 2 TRANSISTIONAL RATE OF STATE PENSION: UP-RATING
- SCHEDULE 3 SURVIVOR'S PENSION UNDER SECTION 7: INHERITED AMOUNT
- Introduction
- Dead spouse or civil partner in old state pension system etc.
- Dead spouse or civil partner in new state pension system
- Supplementary
- SCHEDULE 4 SURVIVOR'S PENSION UNDER SECTION 7: UP-RATING
- Introduction
- Rate of section 7 pension, when added to any priority pension, is less than the full rate
- Rate of section 7 pension, when added to any priority pension, straddles the full rate
- Priority pension alone is equal to or higher than the full rate
- SCHEDULE 5 SURVIVOR'S PENSION UNDER SECTION 9: INHERITED DEFERRAL AMOUNT
- Introduction
- Dead spouse or civil partner entitled to old state pension with deferral increase
- Dead spouse's or civil partner's entitlement to old state pension deferred at time of death
- “The relevant provisions” of the Contributions and Benefits Act
- Supplementary
- SCHEDULE 6 REDUCED RATE ELECTIONS: EFFECT ON RATE OF SECTION 4 PENSION
- Introduction
- Increased transitional rate for woman married to person over pensionable age etc.
- Increased transitional rate for widows or divorcees etc.
- Recalculation of transitional rate where circumstances change
- SCHEDULE 7 REDUCED RATE ELECTIONS: BASIC AMOUNT OF STATE PENSION UNDER SECTION 12
- SCHEDULE 8 PENSION SHARING: APPROPRIATE WEEKLY RATE UNDER SECTION 13
- Introduction
- Appropriate weekly rate for pensioner with old state scheme pension credit
- Appropriate weekly rate for pensioner with new state scheme pension credit
- Supplementary
- SCHEDULE 9 PENSION SHARING: UP-RATING STATE PENSION UNDER SECTION 13
- Introduction
- Rate of section 13 pension, when added to any priority pension, is less than the full rate
- Rate of section 13 pension, when added to any priority pension, straddles the full rate
- Priority pension alone is equal to or higher than the full rate
- SCHEDULE 10 PENSION SHARING: APPROPRIATE WEEKLY REDUCTION UNDER SECTION 14
- Introduction
- Appropriate weekly reduction for person subject to old state scheme pension debit
- Appropriate weekly reduction for person subject to new state scheme pension debit
- Supplementary
- SCHEDULE 11 PENSION SHARING: AMENDMENTS
- The Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)
- The Social Security Administration (Northern Ireland) Act 1992 (c. 8)
- The Welfare Reform and Pensions (Northern Ireland) Order 1999 (NI 11)
- The State Pension Credit Act (Northern Ireland) 2002 (c.14)
- SCHEDULE 12 STATE PENSION: AMENDMENTS
- PART 1 AMENDMENTS TO DO WITH NEW STATE PENSION SYSTEM
- The Forfeiture (Northern Ireland) Order 1982 (NI 14)
- The Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)
- The Social Security Administration (Northern Ireland) Act 1992 (c. 8)
- The Social Security (Northern Ireland) Order 1993 (NI 2)
- The Pensions (Northern Ireland) Order 1995 (NI 22)
- The Social Security (Northern Ireland) Order 1998 (NI 10)
- The Child Support, Pensions and Social Security Act (Northern Ireland) 2000 (c. 4)
- The Social Security Fraud Act (Northern Ireland) 2001 (c. 17)
- The State Pension Credit Act (Northern Ireland) 2002 (c. 14)
- The Gender Recognition Act 2004 (c. 7)
- The Welfare Reform Act (Northern Ireland) 2015
- PART 2 AMENDMENTS TO DO WITH OLD STATE PENSION SYSTEM
- Graduated retirement benefit
- Category A retirement pensions
- Category B retirement pensions
- Category C retirement pensions: repeal of spent provisions
- Category D retirement pensions
- Age addition
- Christmas bonus
- PART 3 AMENDMENTS TO DO WITH STATE PENSION CREDIT
- PART 4 OTHER AMENDMENTS TO DO WITH PART 1
- The Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)
- The Pension Schemes (Northern Ireland) Act 1993 (c. 49)
- The Deregulation and Contracting Out (Northern Ireland) Order 1996 (NI 11)
- The Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13)
- The Pensions Act (Northern Ireland) 2012 (c. 3)
- SCHEDULE 13 ABOLOTION OF CONTRACTING-OUT FOR SALARY RELATED SCHEMES
- PART 1 PENSION SCHEMES (NORTHERN IRELAND) ACT 1993: AMENDMENTS
- PART 2 OTHER STATUTORY PROVISIONS: AMENDMENTS
- The Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)
- The Social Security Administration (Northern Ireland) Act 1992 (c. 8)
- The Pensions (Northern Ireland) Order 1995 (NI 22)
- The Employment Rights (Northern Ireland) Order 1996 (NI 16)
- The Child Support, Pensions and Social Security Act (Northern Ireland) 2000 (c. 4)
- The Pensions (Northern Ireland) Order 2005 (NI 1)
- The Companies Act 2006 (c. 46)
- The Pensions Act (Northern Ireland) 2008 (c. 1)
- The Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13)
- SCHEDULE 14 POWER TO AMEND SCHEMES TO REFLECT ABOLITION OF CONTRACTING-OUT
- Introduction
- What can the power be used to do?
- Creation of exceptions
- Requirement for actuary's certificates
- When can the power be used?
- Can the power be used more than once?
- Modifications for multi-employer or sectionalised schemes
- The power overrides other legislation
- Procedural requirements and supplementary matters
- Information
- Definitions
- SCHEDULE 15 OPTION TO BOOST OLD RETIREMENT PENSIONS
- The Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 4)
- The Welfare Reform and Pensions (Northern Ireland) Order 1999 (NI 11)
- SCHEDULE 16 BEREAVEMENT SUPPORT PAYMENT: AMENDMENTS
- The Forfeiture (Northern Ireland) Order 1982 (NI 14)
- The Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)
- The Social Security Administration (Northern Ireland) Act 1992 (c. 8)
- The Social Security (Northern Ireland) Order 1993 (NI 2)
- The Social Security (Northern Ireland) Order 1998 (NI 10)
- The Social Security Fraud Act (Northern Ireland) 2001 (c. 17)
- The Income Tax (Earnings and Pensions) Act 2003 (c. 1)
- SCHEDULE 17 AUTOMATIC TRANSFER OF PENSION BENEFITS ETC.
- PART 1 AUTOMATIC TRANSFER OF PENSION BENEFITS
- Regulations providing for transfer of cash equivalent of transferable benefits
- Automatic transfer scheme to find out whether members have transferable benefits
- Automatic transfer scheme to request transfer of cash equivalent
- Right to opt out of automatic transfer
- Information to be given to qualifying members of automatic transfer schemes
- Transferable benefits scheme to comply with request
- Automatic transfer scheme to use cash equivalent to provide rights under the scheme
- Cash equivalents: calculation and verification
- Disclosure of information and establishment of database
- Compliance
- Record keeping
- Further provision about the regulations
- PART 2 MERGER OF PENSION ACCOUNTS
- PART 3 INTERPRETATION ETC.
- Interpretation etc.
- Crown application
- Overriding provision
- Other provision relating to regulations under this Schedule
- Amendments
- SCHEDULE 18 POWER TO RESTRICT CHARGES OR IMPOSE REQUIREMENTS IN RELATION TO SCHEMES
- Power to restrict charges
- Power to impose requirements relating to administration or governance
- Compliance
- Interpretation
- Crown application
- Overriding provision
- Other provision relating to regulations under this Schedule
- Amendments
- SCHEDULE 19 PROHIBITION ORDERS: CONSEQUENTIAL AMENDMENTS
- The Pensions (Northern Ireland) Order 1995 (NI 22)
- The Pensions (Northern Ireland) Order 2005 (NI 1)
- SCHEDULE 20 PENSION PROTECTION FUND: INCREASED COMPENSATION CAP FOR LONG SERVICE
- PART 1 THE NEW COMPENSATION CAP
- PART 2 EFFECT OF CHANGE IN TRANSISTIONAL CASES
- Recalculation of periodic compensation going forwards
- New cap does not generally affect old payments
- Survivors' compensation
- Cases involving early payment or postponement of compensation
- Recalculation of terminal illness lump sums given in the past year
- Meaning of “the pension compensation provisions” in Part 3 of the 2005 Order
- PART 3 SCHEMES UNDERGOING ASSESSMENT OR WINDING UP ON THE COMMENCEMENT DATE
- Schemes undergoing assessment on the commencement date
- ...
- ...
- Schemes that begin winding up before the commencement date
- ...
- ...
- Meaning of “undergoing assessment”
- Meaning of “eligible scheme”
- PART 4 INTERPRETATION AND POWER TO MAKE FURTHER TRANSISTIONAL PROVISION
- Interpretation
- Further transitional provision
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