Commentary on Sections PART 2 - Simplification Section 82: Effect of entitlement to guaranteed minimum pension
Section 82 amends the Pension Schemes (Northern Ireland) Act 1993 to cater for those who have been in contracted-out employment for all or part of the period up until 5 April 1997 and are entitled to one or more Guaranteed Minimum Pensions.  It introduces a method for calculating the reduction to be made from Additional Pension in respect of the years before the Flat Rate Introduction Year for those who reach State Pension age after 5 April 2020.
Subsection (2) amends section 42 of the Pension Schemes (Northern Ireland) Act 1993,  inserting new subsections (1A) and (1B), so that the method of calculating a  reduction under the provisions in section 42(1), do not apply where someone reaches State Pension age after 5 April 2020.
Subsection (3) inserts a new section 42A into the Pension Schemes (Northern Ireland) Act 1993.
Subsection (1) of new section 42A provides for the method of calculating the reduction from Additional Pension where someone reaches State pension age after 5 April 2020 and is entitled to one or more Guaranteed Minimum Pensions.
Subsection (2) of new section 42A provides that the calculation should be made in accordance with regulations.
Subsection (3) of new section 42A specifies that the reduction calculated under the regulations should not exceed the amount of the Additional Pension attributable to periods before the principal appointed day.
Subsection (4) of new section 42A provides that the effect of the reduction made under the regulations should be actuarially equivalent to the effect of the reduction that would have been made under section 42(1) of the Pension Schemes (Northern Ireland) Act 1993 had section 42(1A) not been inserted.
Subsection (5) of new section 42A requires the Department to make corresponding provision for Northern Ireland where the Secretary of State makes regulations under section 46A(8) of the Pension Schemes Act 1993 specifying how actuarial equivalence is to be determined.