Commentary on Sections Part 4 Pension Flexibilities Section 72: Reduction of cash equivalents: funded public service defined benefits schemes: Northern Ireland
241.This section makes provision for Northern Ireland similar to that made by section 69 for Great Britain. However the power to designate is conferred upon the Department of Finance and Personnel or any Northern Ireland department by whom or with whose approval the scheme was established; and the power to make regulations under which the amount of the reduction is to be determined is given to the Department of Finance and Personnel.