Commentary on Sections Part 3 – General Changes to Legislation about Pension Schemes Welfare Reform and Pensions (Northern Ireland) Order 1999
Article 35 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 makes provision about the treatment of pension credits in winding up. Currently it does not apply to a money purchase scheme. The amendment replaces the reference to a money purchase scheme with a reference to a scheme under which all the benefits that may be provided are money purchase benefits. This does not change the effect.